GBP/USD – 4H – BUYBesides a ‘Double bottom chart pattern’ chart layout is detected. The chart picture forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
Besides a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3527 |
| 2nd High | 1.34896 |
| Next High | 1.33691 |
| Current Price | 1.32290 |
| Next Low | 1.3037 |
| 2nd Low | 1.30096 |
| 3rd Low | 1.27079 |
1.32153 – 1.31907 – 1.33691 – 1.3037 – 1.30096 – 1.30963 —
1.31869 – 1.32681 —
62.537324626943 – 71.973642985052 —
– —
1.32153 – 1763049600
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –