GBP/USD – 30M – SELL

And also 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) moves from the bullish trendline downwards

A descent down to the next support level at 1.3211 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.32848 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles form ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.32848 – 1.32681 – 1.32589 – 1.3211 – 1.32176 – 1.31779 —
1.32848 – 1.32565 —
72.721435181556 – 53.547600599607 —
1.32848 – 1775561400 —
– 1775561400

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