GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of resistance at 1.36809 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji –