GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.

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

Caution: A possible counter-trend in the direction of resistance at 1.32315 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.32315 – 1.32188 – 1.31787 – 1.318 – 1.31506 – 1.31487 —
1.32315 – 1.32041 —
63.985934128597 – 44.363409889728 —
1.32315 – 1782493200 —
– 1782493200

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