GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.34911 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.34911 – 1.34346 – 1.34128 – 1.34008 – 1.3425 – 1.34098 —
1.34561 – 1.34318 —
57.149750856026 – 48.659715939565 —
– —
1.34911 – 1768903200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Inside Down – Inverse Head and Shoulder chart pattern – – – – – – – –