GBP/USD – 1H – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance at 1.36575 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.35119 could happen.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.36575 – 1.35275 – 1.35757 – 1.35119 – 1.3568 – 1.35865 —
1.35300 – 1.35248 —
37.035368349895 – 35.457706745473 —
– —
1.36575 – 1777654800

Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –