GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.32971 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.33724 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Collapsing Doji Star’ chart pattern is existing. The chart forms ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.33724 – 1.33764 – 1.33864 – 1.32971 – 1.33056 – 1.33461 —
1.33718 – 1.33425 —
56.730943236578 – 43.217652683783 —
– —
1.33724 – 1772775000

Trading Signals: FOREX – GBP – GBP/USD – USD – Collapsing Doji Star – – – – – – – – –