Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.37327 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.37327 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candle pattern is found. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38139 |
| 2nd High | 1.37875 |
| Next High | 1.37327 |
| Current Price | 1.36919 |
| Next Low | 1.3586 |
| 2nd Low | 1.35081 |
| 3rd Low | 1.34819 |
1.36285 – 1.3623 – 1.3632 – 1.3586 – 1.35876 – 1.35081 —
1.36504 – 1.36771 —
61.5284649241 – 68.503801648095 —
– —
1.36285 – 1770624000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –