GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.3601 is expected.
Caution: A possible trend reversal in the direction of support at 1.35343 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36575 |
| 2nd High | 1.36035 |
| Next High | 1.3601 |
| Current Price | 1.35996 |
| Next Low | 1.35343 |
| 2nd Low | 1.35132 |
| 3rd Low | 1.35119 |
1.35779 – 1.3569 – 1.3601 – 1.35343 – 1.35132 – 1.35119 —
1.35707 – 1.35923 —
56.132230188415 – 69.404854681985 —
– —
1.35779 – 1778005800
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –