GBP/USD – 1H – BUY

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

The bullish trend up to the next resistance at 1.37403 will continue.

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

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

1.37403 – 1.37523 – 1.37703 – 1.36739 – 1.36827 – 1.35903

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