Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.33801 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.33696 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34902 |
| 2nd High | 1.34316 |
| Next High | 1.33696 |
| Current Price | 1.33588 |
| Next Low | 1.32528 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.33696 – 1.34316 – 1.34902 – 1.32528 – 1.33138 – 1.34448 —
1.33563 – 1.33240 —
49.806007370635 – 42.41422589776 —
– —
1.33696 – 1772575200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –