GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.36809 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency 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).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854

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