GBP/USD – 4H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at will continue.

Caution: A possible change in the direction of the resistance zone at 1.34607 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.34607 – 1.34828 – 1.3485 – 1.33242 – 1.33056 – 1.34094 —
1.34162 – 1.34334 —
52.268954143216 – 55.5623407967 —
– —
1.34607 – 1781481600

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