GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.34668 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 1.34364 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34804 |
| 2nd High | 1.34668 |
| Next High | 1.34364 |
| Current Price | 1.34288 |
| Next Low | 1.32565 |
| 2nd Low | 1.32456 |
| 3rd Low | 1.32299 |
1.33429 – 1.34364 – 1.34668 – 1.32565 – 1.32976 – 1.32984 —
1.34234 – 1.34130 —
64.736785374521 – 57.668881638148 —
– —
1.33429 – 1774240200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –