GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 1.34095 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.34390 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34911 |
| 2nd High | 1.34589 |
| Next High | 1.34390 |
| Current Price | 1.34178 |
| Next Low | 1.34095 |
| 2nd Low | 1.34008 |
| 3rd Low | 1.33383 |
1.34390 – 1.34589 – 1.34562 – 1.34095 – 1.34008 – 1.3425 —
1.34390 – 1.34371 —
57.085450506332 – 53.02528604078 —
1.34390 – 1769061600 —
– 1769061600
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – – – – – – – – –