GBP/USD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.34911 is expected.

Caution: A possible trend reversal in the direction of the support line at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.34911 – 1.34346 – 1.34086 – 1.3439 – 1.34098 – 1.33383 —
1.34672 – 1.34390 —
57.441910142365 – 35.458408466635 —
– —
1.34911 – 1768903200

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