GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 1.26824 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.26448 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27142 |
| 2nd High | 1.26940 |
| Next High | 1.26824 |
| Current Price | 1.26951 |
| Next Low | 1.26448 |
| 2nd Low | 1.25663 |
| 3rd Low | 1.25246 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers