GBP/USD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 1.3211 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.33198 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.32681 – 1.32589 – 1.32424 – 1.3211 – 1.32176 – 1.31779 —
1.32479 – 1.32680 —
62.516858442616 – 54.540665330236 —
– —
1.32681 – 1775496600

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –