GBP/USD – 4H – BUY

The combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline up.

A bullish ascent up to the next resistance line at 1.34944 will persist.

Caution: A possible change in the direction of the support zone at 1.33893 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘MACD Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern 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).

1.34944 – 1.35674 – 1.35302 – 1.33893 – 1.34013 – 1.33113 —
1.34446 – 1.33909 —
46.005358121164 – 37.53916799964 —
– —
1.34944 – 1768305600

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top retreat up – – – – – – – –