GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 1.34086 is considered certain.

Caution: A possible counter-trend in the direction of support at 1.33383 could occur.
Consider stop-loss settings accordingly.

Next a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The 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).

1.34086 – 1.34128 – 1.34445 – 1.33383 – 1.33657 – 1.33767 —
1.34023 – 1.34104 —
48.546019648391 – 54.403687523295 —
– —
1.34086 – 1768789800

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