GBP/USD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.365 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.37068 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Falling Window’ chart pattern is found. The candles form ‘Falling Window’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

1.37068 – 1.37061 – 1.37149 – 1.365 – 1.36227 – 1.36599 —
1.37029 – 1.37019 —
57.518958034314 – 59.00656325241 —
– —
1.37068 – 1770145200

Trading Signals: FOREX – GBP – GBP/USD – USD – Falling Window – – – – – – – – –