GBP/USD – 1H – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.33864 – 1.34027 – 1.33696 – 1.32528 – 1.33138 – 1.34448 —
1.33386 – 1.33734 —
36.214245910902 – 54.689569906556 —
– —
1.33864 – 1772679600

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –