GBP/USD – 1H – SELL

Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

The bearish trend downwards to the next support line at 1.35235 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.36602 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36602 – 1.36712 – 1.36194 – 1.36293 – 1.35235 – 1.35126 — 34.293651304513 – 32.36241967153 — 17.922144709776 – 20.344402310439 – 13.825164713949 – 17.181178255762

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – –