GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 1.37003 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1.36635 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37522 |
| 2nd High | 1.37127 |
| Next High | 1.37003 |
| Current Price | 1.37843 |
| Next Low | 1.36635 |
| 2nd Low | 1.36426 |
| 3rd Low | 1.34819 |
1.37003 – 1.37127 – 1.36817 – 1.36635 – 1.367 – 1.36426 —
1.37032 – 1.37451 —
63.808803627577 – 74.239971160317 —
– —
1.37003 – 1769488200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –