Besides a ‘Bullish Meeting Lines’ candlestick chart pattern is detected. The chart forms ‘Bullish Meeting Lines’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.27283 |
2nd High | 1.27253 |
Next High | 1.26666 |
Current Price | 1.25676 |
Next Low | 1.24744 |
2nd Low | |
3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Meeting Lines