GBP/USD – 4H – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance at 1.32153 is expected.

Caution: A possible change in the direction of support at 1.3037 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

And also 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 rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.32153 – 1.31907 – 1.33691 – 1.3037 – 1.30096 – 1.30963 —
1.30791 – 1.30945 —
39.269420105218 – 45.188962009534 —
– —
1.32153 – 1763049600

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –