GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.3536 is certain.
Caution: A possible change in the direction of the support line at 1.34138 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36712 |
| 2nd High | 1.35591 |
| Next High | 1.3536 |
| Current Price | 1.35427 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33633 |
1.35017 – 1.34908 – 1.34765 – 1.34138 – 1.34336 – 1.34013 —
1.34859 – 1.35389 —
63.673868689118 – 73.706348712973 —
– —
1.35017 – 1767375000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –