GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A descent down to the next support at 1.3578 is certain.

Caution: A possible change in the direction of the resistance level at 1.36429 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.36079 – 1.36429 – 1.35779 – 1.3578 – 1.35343 – 1.35132 —
1.36239 – 1.36306 —
52.451439929238 – 62.717312540275 —
– —
1.36079 – 1778128200

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