GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 1.35081 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.3632 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.3632 – 1.37327 – 1.37068 – 1.35081 – 1.35173 – 1.36422 —
1.35690 – 1.35755 —
62.557682451706 – 62.148359469313 —
– —
1.3632 – 1770285600

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