GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.33642 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.32731 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34094 |
| 2nd High | 1.33693 |
| Next High | 1.33642 |
| Current Price | 1.33633 |
| Next Low | 1.32731 |
| 2nd Low | 1.32299 |
| 3rd Low | 1.32178 |
1.33642 – 1.3339 – 1.32654 – 1.32731 – 1.32299 – 1.32178 —
1.33630 – 1.33587 —
59.130610941785 – 60.273055619272 —
– —
1.33642 – 1773781200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –