GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.365 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.37061 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Collapsing Doji Star’ candle chart pattern is detected. The chart forms ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37875 |
| 2nd High | 1.37149 |
| Next High | 1.37061 |
| Current Price | 1.36953 |
| Next Low | 1.365 |
| 2nd Low | 1.36227 |
| 3rd Low | 1.34819 |
1.37061 – 1.37149 – 1.37875 – 1.365 – 1.36227 – 1.36599 —
1.36893 – 1.37017 —
49.300408515097 – 59.847559801539 —
– —
1.37061 – 1770111000
Trading Signals: FOREX – GBP – GBP/USD – USD – Collapsing Doji Star – – – – – – – – –