GBP/USD – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at 1.37488 will continue.

Caution: A possible change in the direction of support at 1.36739 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 1.37703 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 1.37488 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37488 – 1.37403 – 1.37523 – 1.36739 – 1.36827 – 1.37199

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