GBP/USD – 30M – BUYAdditionally a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
Additionally a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.37884 |
| Next High | 1.37522 |
| Current Price | 1.36975 |
| Next Low | 1.36739 |
| 2nd Low | 1.35903 |
| 3rd Low | 1.33699 |
1.37522 – 1.37884 – 1.37488 – 1.37034 – 1.36739 – 1.36827
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top chart pattern