GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 1.34944 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.34015 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which 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).

1.34589 – 1.34911 – 1.34346 – 1.34015 – 1.34008 – 1.3425 —
1.35083 – 1.34990 —
67.151477235908 – 54.749397864883 —
– —
1.34589 – 1769014800

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