GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at is expected.

Caution: A possible change in the direction of resistance at 1.36586 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles form ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.36586 – 1.36711 – 1.37116 – 1.359 – 1.36043 – 1.36042 —
1.36479 – 1.36470 —
53.855704272332 – 46.082610985407 —
– —
1.36586 – 1771009200

Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Bottom: – Double top chart pattern – – – – – – – –