GBP/USD – 1H – SELL

Besides a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards

A descent down to the next support level at 1.33052 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.33463 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The 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).

1.33463 – 1.33622 – 1.33847 – 1.33052 – 1.33144 – 1.33194 —
1.33327 – 1.33510 —
54.73019683308 – 61.84903952492 —
– —
1.33463 – 1765180800

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