GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.35748 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.35748 – 1.35362 – 1.35346 – 1.34448 – 1.34903 – 1.34694 —
1.34933 – 1.34956 —
41.590108220401 – 45.739961091169 —
– —
1.35748 – 1772078400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – – – – – – – – –