GBP/USD – 1H – SELLThen a ‘Double top retreat up’ chart pattern is discovered. The chart picture shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
The combination British Pound/US Dollar (GBP/USD) moves from the ascending trendline downwards
A bearish movement downwards to the next support level at 0 will persist.
Caution: A possible change in the direction of resistance at 0 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.35146 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.35629 – 1.35898 – 1.3556 – 1.35126 – 1.34826 – 1.34162 — 32.475609838394 – 42.809274483671 — 0 – 18.299352663762 – 0 – 6.0997842212539
Trading Signals: FOREX – GBP – GBP/USD – USD – – Double top retreat up – –