GBP/USD – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.34063 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.34716 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.34716 – 1.34801 – 1.34812 – 1.34365 – 1.345 – 1.34527 —
1.34360 – 1.34247 —
33.698542439317 – 35.181351276342 —
– —
1.34716 – 1780461000

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – – – – – – – – –