GBP/USD – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 1.35043 is certain.

Caution: A possible change in the direction of the resistance line at 1.35944 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Southern Doji’ candlestick chart pattern is discovered. The candles show ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.35944 – 1.35785 – 1.35892 – 1.35043 – 1.35161 – 1.35431 —
1.35255 – 1.35885 —
46.305580315724 – 61.720560813302 —
– —
1.35944 – 1776319200

Trading Signals: FOREX – GBP – GBP/USD – USD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –