GBP/USD – 4H – BUY

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

A bullish trend up to the next resistance level at 1.32153 is certain.

Caution: A possible trend reversal in the direction of the support line at 1.30370 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.32153 – 1.31907 – 1.33691 – 1.30370 – 1.30096 – 1.30963 —
1.30613 – 1.31020 —
30.532078352026 – 38.919926408184 —
1.30370 – 1763611200 —
1.32153 – 1763049600

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