GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 1.32135 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.3095 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

1.32135 – 1.31174 – 1.31088 – 1.3095 – 1.308 – 1.30382 —
1.31762 – 1.32295 —
48.52830642083 – 68.885617106391 —
– —
1.32135 – 1764108000

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