GBP/USD – 4H – SELL

The pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards

A bearish trend down to the next support line at 1.34538 will continue.

Caution: A possible change in the direction of resistance at 1.35989 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Dark Cloud Cover’ candlestick chart pattern is found. The candles show ‘Dark Cloud Cover’. 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 chance of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

1.35757 – 1.35989 – 1.35892 – 1.34538 – 1.34472 – 1.34746 —
1.35349 – 1.36575 —
52.577097393455 – 62.054419144504 —
– —
1.35757 – 1777291200

Trading Signals: FOREX – GBP – GBP/USD – USD – Dark Cloud Cover – – – – – – – – –