GBP/USD – 1H – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘On Neck’ chart pattern is discovered. The chart forms ‘On Neck’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

1.34015 – 1.33809 – 1.33844 – 1.33282 – 1.33344 – 1.32186 —
1.33860 – 1.33755 —
54.956522791919 – 48.246327293634 —
– —
1.34015 – 1783396800

Trading Signals: FOREX – GBP – GBP/USD – USD – On Neck – – – – – – – – –