GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at 1.33699 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.35645 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35645 – 1.35747 – 1.35943 – 1.35204 – 1.35595 – 1.35854 — 33.545276725809 – 29.698128907221 — 8.6701469161172 – 3.5904900533721 – 15.472429146331 – 9.9848909724006

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