GBP/USD – 1H – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 1.27142 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.26448 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive 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 | 1.27686 |
| 2nd High | 1.27202 |
| Next High | 1.27142 |
| Current Price | 1.27128 |
| Next Low | 1.26448 |
| 2nd Low | 1.25246 |
| 3rd Low | 1.25067 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers