GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 1.35431 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.35785 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Southern Doji’ candlestick pattern is found. The chart shows ‘Southern 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 success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.35785 – 1.35781 – 1.35789 – 1.35431 – 1.35573 – 1.35579 —
1.35742 – 1.35729 —
56.316873769895 – 53.510987410381 —
– —
1.35785 – 1776276000

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