GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 1.34543 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.33918 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35321 |
| 2nd High | 1.34629 |
| Next High | 1.34543 |
| Current Price | 1.34456 |
| Next Low | 1.33918 |
| 2nd Low | 1.33779 |
| 3rd Low | 1.33019 |
1.34543 – 1.34451 – 1.34629 – 1.33918 – 1.33779 – 1.33019 —
1.34162 – 1.34377 —
38.561478299101 – 58.523973066364 —
1.33918 – 1779381000 —
1.34543 – 1779361200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –