GBP/USD – 30M – SELLIn addition a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair British Pound/US Dollar (GBP/USD) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at will continue.
Caution: A possible counter-trend in the direction of resistance at 1.35097 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35655 |
| 2nd High | 1.35364 |
| Next High | 1.35097 |
| Current Price | 1.34861 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35097 – 1.35364 – 1.35655 – 1.34898 – 1.34559 – 1.35241
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji