GBP/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.34138 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.35674 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.35674 – 1.3548 – 1.35017 – 1.35279 – 1.34138 – 1.34336 —
1.35289 – 1.35072 —
35.513591820051 – 37.807837791516 —
– —
1.35674 – 1767690000

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