GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.36309 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.36961 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Collapsing Doji Star’ candle pattern is found. The chart shows ‘Collapsing Doji Star’. which 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 likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.36961 – 1.37 – 1.36285 – 1.36309 – 1.36717 – 1.3586 —
1.36934 – 1.36846 —
73.127175213129 – 52.720584205974 —
– —
1.36961 – 1770741000

Trading Signals: FOREX – GBP – GBP/USD – USD – Collapsing Doji Star – – – – – – – – –