GBP/USD – 30M – BUYAnd also a ‘Double top retreat up’ chart layout is existing. The chart shows ‘Double top retreat up’. which is a positive chart scenario. The pair is likely to go up.
And also a ‘Bullish Belt Hold’ chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37884 |
| 2nd High | 1.37522 |
| Next High | 1.36755 |
| Current Price | 1.36492 |
| Next Low | 1.36233 |
| 2nd Low | 1.35623 |
| 3rd Low | 1.33699 |
1.36755 – 1.36660 – 1.37522 – 1.36233 – 1.35623 – 1.37034
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Double top retreat up