GBP/USD – 4H – BUY

Next a ‘Head and Shoulder chart pattern’ chart pattern is found. The chart picture forms ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

Next a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Next a ‘Tweezers Top’ chart pattern is existing. The candles form ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.37327 – 1.38686 – 1.34911 – 1.36227 – 1.34008 – 1.33383 —
1.36320 – 1.35959 —
28.764798616522 – 41.470301178655 —
– —
1.37327 – 1770192000

Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top – Head and Shoulder chart pattern – – – – – – – –