GBP/USD – 1H – SELL

The pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline down.

A descending movement down to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.3176 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.3176 – 1.31925 – 1.32002 – 1.3037 – 1.31332 – 1.31415 —
1.30698 – 1.31231 —
44.825699641654 – 61.589443289212 —
– —
1.31760 – 1763460000

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – – – – –