GBP/USD – 30M – SELL

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.34025664 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.34336 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Three Inside Down’ candlestick pattern is discovered. The candles form ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.34336 – 1.34426 – 1.3431 – 1.34184 – 1.34026 – 1.33902 —
1.34190 – 1.34158 —
44.638586527126 – 47.562456280187 —
– —
1.34336 – 1781683200

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