GBP/USD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

The bearish trend down to the next support level at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.31088 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. 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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.31088 – 1.3102 – 1.31231 – 1.30848 – 1.30382 – 1.30491 —
1.31063 – 1.31032 —
60.756428212797 – 49.055393873073 —
– —
1.31088 – 1763760600

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –