GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 1.34953 is certain.
Caution: A possible counter-trend in the direction of the support zone at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35275 |
| 2nd High | 1.35135 |
| Next High | 1.34953 |
| Current Price | 1.35135 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.34953 – 1.35135 – 1.35275 – 1.34538 – 1.34571 – 1.34945 —
1.34971 – 1.35180 —
53.575344793794 – 59.019230850213 —
– —
1.34953 – 1777518000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –