GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 1.26404 is expected.
Caution: A possible counter-trend in the direction of support at 1.25975 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26966 |
| 2nd High | 1.26423 |
| Next High | 1.26404 |
| Current Price | 1.26282 |
| Next Low | 1.25975 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers