GBP/USD – 4H – BUYThen a ‘Double top chart pattern’ chart formation is found. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.
Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35822 |
| 2nd High | 1.35674 |
| Next High | 1.34944 |
| Current Price | 1.33886 |
| Next Low | 1.33893 |
| 2nd Low | 1.33113 |
| 3rd Low | 1.32871 |
1.34944 – 1.35674 – 1.35302 – 1.33893 – 1.34013 – 1.33113 —
1.33935 – 1.34086 —
36.556392953271 – 43.451622597169 —
– —
1.34944 – 1768305600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top chart pattern – – – – – – – –