GBP/USD – 4H – BUY

Moreover a ‘Double bottom chart pattern’ chart pattern is found. The chart picture forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.

The currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance level at 1.33847 is likely expected.

Caution: A possible change in the direction of the support zone at 1.32871 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.33847 – 1.32753 – 1.32153 – 1.32871 – 1.31792 – 1.32007 —
1.33044 – 1.33868 —
45.049665636695 – 60.896809214987 —
– —
1.33847 – 1764864000

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –