GBP/USD – 30M – BUY

Next a ‘Head and Shoulder chart pattern’ chart pattern is discovered. The formation shows ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

Next a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Next a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Bullish Belt Hold’ candle pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.3439 – 1.34589 – 1.34562 – 1.34095 – 1.34008 – 1.3425 —
1.34359 – 1.34323 —
52.912274680063 – 44.251386739811 —
– —
1.34390 – 1769061600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Head and Shoulder chart pattern – – – – – – – –