GBP/USD – 1H – BUYThen a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.34575604 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 1.34128 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34637 |
| 2nd High | 1.34445 |
| Next High | 1.34128 |
| Current Price | 1.34211 |
| Next Low | 1.33383 |
| 2nd Low | 1.33113 |
| 3rd Low | 1.32871 |
1.34128 – 1.34445 – 1.34637 – 1.33383 – 1.33621 – 1.34191 —
1.34004 – 1.34165 —
54.226952167172 – 59.339375066599 —
– —
1.34128 – 1768564800
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –