GBP/USD – 1H – BUY

Also there is a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

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

A continuation of the uptrend upwards to the next resistance line at 1.36220 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.33825 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.34764 – 1.34761 – 1.36220 – 1.33825 – 1.34150 – 1.35342

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