GBP/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 1.30382 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.31088 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish pattern 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).

1.31088 – 1.31231 – 1.3176 – 1.30382 – 1.3037 – 1.31332 —
1.30979 – 1.31063 —
53.424144875787 – 56.46333872206 —
– —
1.31088 – 1763758800

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