GBP/USD – 30M – BUY

Next a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to rise.

The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.

An ascent up to the next resistance line at 1.35097 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.34639 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candle pattern is discovered. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.35097 – 1.35364 – 1.35655 – 1.34639 – 1.34898 – 1.34559

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