GBP/USD – 30M – SELLThen a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.23768 |
| 2nd High | 1.23229 |
| Next High | 1.23218 |
| Current Price | 1.22116 |
| Next Low | 1.21917 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Top