GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 1.35865 is expected.
Caution: A possible change in the direction of the resistance level at 1.36613 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. 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 success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37116 |
| 2nd High | 1.36711 |
| Next High | 1.36613 |
| Current Price | 1.36187 |
| Next Low | 1.35865 |
| 2nd Low | 1.34538 |
| 3rd Low | 1.34532 |
1.36223 – 1.36116 – 1.34953 – 1.35865 – 1.34538 – 1.34571 —
1.36223 – 1.36494 —
63.148041918374 – 54.954135902685 —
– —
1.36223 – 1777627800
Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Bottom: – – – – – – – – –