GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 1.34926 is considered certain.
Caution: A possible reversal of the trend in the direction of support at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35267 |
| 2nd High | 1.35203 |
| Next High | 1.34926 |
| Current Price | 1.34732 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.34926 – 1.34900 – 1.35203 – 1.34340 – 1.34446 – 1.34832 — 50.39957654042 – 47.512645854567 — 32.649253731343 – 21.209124222485 – 49.496861830679 – 35.033016531873
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – –