GBP/USD – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A bearish descent downwards to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.33743 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.33743 – 1.33642 – 1.3339 – 1.32731 – 1.32299 – 1.32178 —
1.33261 – 1.33364 —
38.592672869187 – 46.475954228476 —
– —
1.33743 – 1773824400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –