GBP/USD – 30M – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance level at 1.31159 is expected.

Caution: A possible trend reversal in the direction of the support zone at 1.308 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Next a ‘Northern Doji’ candle pattern is discovered. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.31159 – 1.3111 – 1.31088 – 1.308 – 1.30872 – 1.30848 —
1.31106 – 1.31053 —
55.34923593419 – 49.431111888018 —
– —
1.31159 – 1764018000

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