GBP/USD – 30M – BUYThen a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Then a ‘Double top chart pattern’ chart pattern is detected. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34141 |
| 2nd High | 1.33451 |
| Next High | 1.33304 |
| Current Price | 1.32774 |
| Next Low | 1.32591 |
| 2nd Low | 1.32471 |
| 3rd Low | 1.32333 |
1.33304 – 1.33215 – 1.33451 – 1.32591 – 1.32598 – 1.32743
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji