GBP/USD – 30M – BUYFurthermore a ‘Latter Bottom’ candle pattern is detected. The candles show ‘Latter Bottom’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27283 |
| 2nd High | 1.27253 |
| Next High | 1.27181 |
| Current Price | 1.25885 |
| Next Low | 1.25619 |
| 2nd Low | 1.25246 |
| 3rd Low | 1.25067 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Latter Bottom