GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.36809 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 — 49.916584798818 – 44.993931053281

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