GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.3578 is expected.

Caution: A possible change in the direction of the resistance line at 1.3632 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The 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).

1.3632 – 1.36079 – 1.36429 – 1.3578 – 1.35343 – 1.35132 —
1.36096 – 1.35800 —
44.272870338854 – 28.182420461733 —
– —
1.3632 – 1778176800

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