GBP/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible change in the direction of the resistance line at 1.36809 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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).

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 – – –