GBP/USD – 4H – BUY

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.35989 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35989 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.35989 – 1.35892 – 1.3484 – 1.34472 – 1.34746 – 1.34727 —
1.34715 – 1.35482 —
40.373660232482 – 58.990400881387 —
– —
1.35989 – 1776441600

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