GBP/USD – 30M – BUYThe combination jumps from the bearish trendline upwards
The bullish trend up to the next resistance line at 1.28732 will continue.
Caution: A possible change in the direction of support at 1.27190 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.29764 |
| 2nd High | 1.29253 |
| Next High | 1.28732 |
| Current Price | 1.27501 |
| Next Low | 1.27190 |
| 2nd Low | |
| 3rd Low |