GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.3568 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.36035 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

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

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36035 – 1.36575 – 1.36223 – 1.3568 – 1.35865 – 1.34538 —
1.35875 – 1.35982 —
47.096415086094 – 54.011748674182 —
– —
1.36035 – 1777856400

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