GBP/USD – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance line at is considered certain.

Caution: A possible reversal of the trend in the direction of support at 1.33699 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37703 – 1.36321 – 1.36165 – 1.33699 – 1.33825 – 1.35161

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