GBP/USD – 30M – SELL

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

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

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

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The 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 — 49.916584798818 – 44.993931053281 — 76.73 – 27.31

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