GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at is considered certain.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854 — 49.916584798818 – 44.993931053281

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