GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.36809 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going 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 –