GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

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

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

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. 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).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854 — 49.916584798818 – 44.993931053281 — 81.37914567045 – 58.086060866194 – 88.962279412809 – 76.214872207612

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