GBP/USD – 30M – SELL

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

A descent down to the next support level at 1.30872 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3111 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.3111 – 1.31088 – 1.3102 – 1.30872 – 1.30848 – 1.30382 —
1.30941 – 1.31169 —
44.766388290711 – 65.670816773333 —
– —
1.31110 – 1763971200

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