GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 1.33844 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.32943 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.33844 – 1.32915 – 1.32764 – 1.32943 – 1.32616 – 1.32186 —
1.33501 – 1.33399 —
54.892909499743 – 47.359721734472 —
– —
1.33844 – 1783011600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – – – – – – – – –