Sell GBP/USD – 1H – SELL

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High 1.27283
2nd High 1.27253
Next High 1.26666
Current Price 1.25739
Next Low 1.24744
2nd Low
3rd Low

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