GBP/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.352555 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.35748 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish signal. The 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).

1.35748 – 1.35656 – 1.35335 – 1.35184 – 1.34903 – 1.34874 —
1.35271 – 1.35495 —
33.958582474329 – 53.643086029928 —
1.35184 – 1772103600 —
1.35748 – 1772078400

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