GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.27459 will persist.
Caution: A possible counter-trend in the direction of the support line at 1.26795 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27498 |
| Next High | 1.27459 |
| Current Price | 1.27007 |
| Next Low | 1.26795 |
| 2nd Low | 1.26716 |
| 3rd Low | 1.26448 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers