GBP/USD – 30M – BUY

Additionally a ‘Head and Shoulder chart pattern’ chart formation is found. The formation shows ‘Head and Shoulder chart pattern’. which is a bearish signal. The currency pair is likely to go down.

Additionally a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.344595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3439 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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).

1.3439 – 1.34589 – 1.34562 – 1.34095 – 1.34008 – 1.3425 —
1.34462 – 1.34274 —
60.820972816878 – 44.447145860316 —
– —
1.34390 – 1769061600

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