GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.33052 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.33557 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.33052 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.33557 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. 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).

1.33557 – 1.33378 – 1.33463 – 1.33229 – 1.33162 – 1.33052 —
1.33557 – 1.33232 —
70.735492080409 – 41.04410283193 —
1.33557 – 1765278000 —
– 1765278000

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