GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline down.

A bearish trend down to the next support line at 1.32943 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.33844 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.33844 – 1.32915 – 1.32764 – 1.32943 – 1.32616 – 1.32186 —
1.33473 – 1.33467 —
53.669386051743 – 53.280291407514 —
– —
1.33844 – 1783011600

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –