GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 1.35224 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.36231 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Tweezers Top’ candlestick pattern is detected. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.36231 |
| Current Price | 1.35962 |
| Next Low | 1.35224 |
| 2nd Low | 1.34639 |
| 3rd Low | 1.34559 |
1.36231 – 1.35930 – 1.35097 – 1.35224 – 1.34639 – 1.34898
Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top