GBP/USD – 1H – SELL

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

A descending movement downwards to the next support line at 1.30839 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.3176 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.3176 – 1.31925 – 1.32002 – 1.31332 – 1.31415 – 1.31353 —
1.31462 – 1.31294 —
49.135857286351 – 40.559517425825 —
– —
1.31760 – 1763460000

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