GBP/USD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 1.36043 will persist.

Caution: A possible change in the direction of the resistance level at 1.36711 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.36711 – 1.36536 – 1.36414 – 1.36043 – 1.36042 – 1.36152 —
1.36138 – 1.36283 —
39.863479958134 – 56.114360968949 —
– —
1.36711 – 1770915600

Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Top – – – – – – – – –