GBP/USD – 30M – BUY

Next a ‘Inverse Head and Shoulder chart pattern’ chart formation is found. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to rise.

The pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.

An ascent up to the next resistance at 1.37523 will continue.

Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37523 – 1.37703 – 1.37647 – 1.37199 – 1.37162 – 1.35903

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern