GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 1.33383 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.34086 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.34086 – 1.34128 – 1.34445 – 1.33383 – 1.33657 – 1.33767 —
1.34027 – 1.33961 —
55.764069446039 – 55.523277764663 —
– —
1.34086 – 1768789800

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