GBP/USD – 30M – SELL

Additionally a ” indicator layout is found. The indicator shows ”. this is usually a bearish chart scenario. The pair is likely to go down.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.35778308 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 1.36116 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.36116 – 1.34953 – 1.35135 – 1.34538 – 1.34571 – 1.34945 —
1.36059 – 1.36085 —
74.800543944984 – 71.071277714681 —
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1.36116 – 1777586400

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