GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.32971 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.33724 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Last Engulfing Bottom:’ candlestick pattern is found. The candles form ‘Last Engulfing Bottom:’. this is a bearish 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 ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.33724 – 1.33764 – 1.33864 – 1.32971 – 1.33056 – 1.33461 —
1.33724 – 1.33718 —
61.756330916845 – 56.730943972955 —
1.33724 – 1772775000 —
– 1772775000

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