GBP/USD – 1H – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Advance Block’ candlestick pattern is found. The candles show ‘Advance Block’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

1.34092 – 1.33864 – 1.34027 – 1.32826 – 1.33109 – 1.32971 —
1.33074 – 1.33632 —
39.604037835966 – 51.033669943493 —
– —
1.34092 – 1772820000

Trading Signals: FOREX – GBP – GBP/USD – USD – Advance Block – – – – – – – – –