GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 1.3439 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.34015 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34911 |
| 2nd High | 1.34589 |
| Next High | 1.3439 |
| Current Price | 1.34921 |
| Next Low | 1.34015 |
| 2nd Low | 1.34008 |
| 3rd Low | 1.33383 |
1.3439 – 1.34589 – 1.34562 – 1.34015 – 1.34095 – 1.34008 —
1.34274 – 1.34974 —
44.447146783319 – 70.62418526736 —
– —
1.34390 – 1769061600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –