GBP/USD – 30M – BUY

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

A bullish trend upwards to the next resistance level at 1.37068 is considered certain.

Caution: A possible reversal of the trend in the direction of support at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

Next a ‘Morning Doji Star’ candlestick pattern is detected. The chart forms ‘Morning Doji Star’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Morning Doji Star’ heading up is 76% (Bull Market) & 71% (Bear Market).

1.37068 – 1.37061 – 1.37149 – 1.365 – 1.36227 – 1.36599 —
1.37213 – 1.37165 —
66.042531657766 – 51.21793534202 —
– —
1.37068 – 1770145200

Trading Signals: FOREX – GBP – GBP/USD – USD – Morning Doji Star – – – – – – – – –