GBP/USD – 1H – BUY

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.33422 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.34027 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.33864 – 1.34027 – 1.33696 – 1.32971 – 1.33056 – 1.32528 —
1.33641 – 1.34092 —
39.709555332851 – 63.127540963582 —
– —
1.33864 – 1772679600

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