GBP/USD – 30M – BUY

Next a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.35253192 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 1.35655 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.35655 – 1.35810 – 1.35634 – 1.35241 – 1.35071 – 1.35638

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