GBP/USD – 1H – BUYFurthermore a ‘Double top retreat up’ chart formation is existing. The chart forms ‘Double top retreat up’. this is a bullish signal. The pair is likely to go up.
Furthermore a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. 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 | 1.34708 |
| 2nd High | 1.34424 |
| Next High | 1.33847 |
| Current Price | 1.33360 |
| Next Low | 1.33272 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.33847 – 1.33536 – 1.32753 – 1.33272 – 1.31792 – 1.3205 —
1.33456 – 1.33338 —
52.252759287816 – 49.636469906563 —
– —
1.33847 – 1764867600
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Double top retreat up – – – – – – – –