GBP/USD – 4H – BUY

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

An ascending movement upwards to the next resistance level at 1.32728 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.32728 – 1.34607 – 1.34828 – 1.31398 – 1.31626 – 1.33242 —
1.32852 – 1.33493 —
60.522953007917 – 69.25521760851 —
– —
1.32728 – 1782129600

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