GBP/USD – 30M – BUYNext a ‘Double top retreat up’ chart layout is existing. The chart picture shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to go up.
Next a ‘%K cross above 0.2’ indicator layout is found. The indicator is ‘%K cross above 0.2’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36712 |
| 2nd High | 1.35674 |
| Next High | 1.35165 |
| Current Price | 1.34958 |
| Next Low | 1.34914 |
| 2nd Low | 1.34913 |
| 3rd Low | 1.34138 |
1.35165 – 1.35674 – 1.3548 – 1.34914 – 1.34913 – 1.35279 —
1.35155 – 1.35024 —
49.253474829698 – 37.064928101217 —
– —
1.35165 – 1767763800
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Double top retreat up – – – – – – – –