GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.36809 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish 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).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854

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