GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at 1.35810 will persist.

Caution: A possible counter-trend in the direction of the support zone at 1.35241 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.355855 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.35810 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35810 – 1.36165 – 1.35797 – 1.35241 – 1.35071 – 1.35403

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