GBP/USD – 1H – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Last Engulfing Top’ candle pattern is detected. The candles show ‘Last Engulfing Top’. which 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 Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.3483 – 1.34092 – 1.33864 – 1.341 – 1.32826 – 1.33109 —
1.34492 – 1.34181 —
47.874292857814 – 46.925810178207 —
– —
1.3483 – 1773140400

Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Top – – – – – – – – –