GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards

A descending movement downwards to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.36575 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.36575 – 1.35275 – 1.35757 – 1.3568 – 1.35865 – 1.34538 —
1.35505 – 1.35368 —
33.339090634305 – 39.540539932807 —
– —
1.36575 – 1777654800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – – – – – – – – –