GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 1.3176 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.31332 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘RSI Bullish Divergence’ indicator signal is existing. The indicator shows ‘RSI Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.31667 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.3176 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.3176 – 1.31925 – 1.3174 – 1.31332 – 1.31415 – 1.31353 —
1.31567 – 1.31442 —
51.716713044735 – 44.718222534356 —
– —
1.31760 – 1763460000

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