GBP/USD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.35279 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.3548 is also possible.
Consider stop-loss settings accordingly.

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.3548 – 1.35017 – 1.34908 – 1.35279 – 1.34138 – 1.34336 —
1.35576 – 1.35583 —
70.01638740301 – 63.406955651132 —
– —
1.35480 – 1767654000

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