GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at is certain.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854 — 49.916584798818 – 44.993931053281 — 81.37914567045 – 58.086060866194 – 88.962279412809 – 76.214872207612

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