GBP/USD – 1H – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 1.36712 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.35235 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.36712 |
| Current Price | 1.36518 |
| Next Low | 1.35235 |
| 2nd Low | 1.35126 |
| 3rd Low | 1.34826 |
1.36712 – 1.36194 – 1.35702 – 1.35235 – 1.35126 – 1.34826 — 61.241146900258 – 62.491322159136 — 6.0606060606061 – 16.269888211983 – 14.783394117941 – 9.6193157072838
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – –