GBP/USD – 30M – SELLFurthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline down.
A bearish movement down to the next support line at 1.367 will continue.
Caution: A possible change in the direction of the resistance line at 1.37003 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37522 |
| 2nd High | 1.37127 |
| Next High | 1.37003 |
| Current Price | 1.36706 |
| Next Low | 1.367 |
| 2nd Low | 1.36426 |
| 3rd Low | 1.34819 |
1.37003 – 1.37127 – 1.36817 – 1.367 – 1.36426 – 1.34819 —
1.36944 – 1.36885 —
52.031118141386 – 53.873038692 —
– —
1.37003 – 1769488200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –