GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline down.

A descending movement down to the next support at 1.3212 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.32764 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Evening Star’ candlestick chart pattern is existing. The candles show ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

1.32764 – 1.32467 – 1.32619 – 1.3212 – 1.31877 – 1.318 —
1.32442 – 1.32529 —
48.879259713726 – 54.296729063202 —
– —
1.32764 – 1782842400

Trading Signals: FOREX – GBP – GBP/USD – USD – Evening Star – – – – – – – – –