GBP/USD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.34571 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.35135 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Evening Star’ candlestick chart pattern is detected. The chart shows ‘Evening Star’. which is a negative 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 ‘Evening Star’ going down is 72% (Bull & Bear Market).

1.35135 – 1.35275 – 1.35407 – 1.34571 – 1.34945 – 1.34627 —
1.34787 – 1.34889 —
40.833167885771 – 51.89532991755 —
– —
1.35135 – 1777474800

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