GBP/USD – 1H – BUY

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.35469316 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.35757 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.35275 – 1.35757 – 1.35179 – 1.35865 – 1.34538 – 1.34571 —
1.36223 – 1.35943 —
67.385404498136 – 45.872583882734 —
– —
1.35275 – 1777431600

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –