GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.34254 will persist.
Caution: A possible change in the direction of the support level at 1.33976 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34828 |
| 2nd High | 1.34326 |
| Next High | 1.34254 |
| Current Price | 1.34425 |
| Next Low | 1.33976 |
| 2nd Low | 1.33831 |
| 3rd Low | 1.33242 |
1.34254 – 1.34326 – 1.33911 – 1.33976 – 1.33831 – 1.33242 —
1.34527 – 1.34402 —
65.845537821479 – 57.313388115409 —
– —
1.34254 – 1781267400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –