GBP/USD – 4H – BUY

The combination British Pound/US Dollar (GBP/USD) jumps from the descending trendline upwards

A bullish movement upwards to the next resistance at 1.35748 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 1.32528 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.349275 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35748 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

1.35748 – 1.37116 – 1.37 – 1.32528 – 1.34337 – 1.359 —
1.33844 – 1.33649 —
43.484658713695 – 46.667404871732 —
– —
1.35748 – 1772078400

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