GBP/USD – 1H – SELL

Furthermore a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.34472 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.35275 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.35275 – 1.35757 – 1.35179 – 1.34571 – 1.34627 – 1.34472 —
1.34829 – 1.34841 —
38.760827232446 – 40.554512352848 —
– —
1.35275 – 1777431600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Belt Hold – – – – – – – – –