GBP/USD – 30M – SELLThen a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.22498 |
| 2nd High | 1.22456 |
| Next High | 1.22146 |
| Current Price | 1.22004 |
| Next Low | 1.21380 |
| 2nd Low | 1.20991 |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top