GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 1.31925 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

Next a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.31925 – 1.32002 – 1.31547 – 1.31353 – 1.30839 – 1.31158 —
1.31772 – 1.31583 —
51.309764231404 – 46.743879881027 —
– —
1.31925 – 1763388000

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