GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A descending movement downwards to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.34607 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Then a ‘3 Stars In The South’ candle pattern is detected. The chart shows ‘3 Stars In The South’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘3 Stars In The South’ heading up is 86% (Bull Market) & 100% (Bear Market).

1.34607 – 1.34254 – 1.34326 – 1.34165 – 1.33976 – 1.33831 —
1.34394 – 1.34331 —
56.149944844497 – 47.870061267593 —
– —
1.34607 – 1781492400

Trading Signals: FOREX – GBP – GBP/USD – USD – 3 Stars In The South – Rising Wedge Chart Pattern – – – – – – – –