GBP/USD – 30M – SELL

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

A descent downwards to the next support line at 1.32826 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.3379 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.3379 – 1.33724 – 1.33764 – 1.32826 – 1.33109 – 1.32971 —
1.33745 – 1.33883 —
57.033918413633 – 61.58958896342 —
– —
1.3379 – 1772793000

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