GBP/USD – 30M – SELL

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

A descending movement downwards to the next support level at 1.34982 will continue.

Caution: A possible change in the direction of resistance at 1.35989 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ” indicator layout is found. The indicator shows ”. which could be a negative signal. The currency pair could go down.

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And also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.

And also a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.35368 – 1.34726 – 1.35179 – 1.34982 – 1.34532 – 1.34472 —
1.35505 – 1.35589 —
65.50483330829 – 67.196136889769 —
– —
1.35368 – 1777073400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Belt Hold – – – – – – – – –