GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline downwards

A bearish trend downwards to the next support at 1.308 is expected.

Caution: A possible change in the direction of the resistance line at 1.31159 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.31159 – 1.3111 – 1.31088 – 1.308 – 1.30872 – 1.30848 —
1.31097 – 1.31074 —
54.799655108327 – 54.374982514608 —
– —
1.31159 – 1764018000

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