Next a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
Next a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.29916 |
2nd High | 1.29679 |
Next High | 1.29676 |
Current Price | 1.29372 |
Next Low | 1.29222 |
2nd Low | 1.29014 |
3rd Low | 1.28708 |
1.29676 – 1.29679 – 1.29916 – 1.29222 – 1.29378 – 1.29014
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold