GBP/USD – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

A descent down to the next support line at 1.33915 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.34514 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.34514 – 1.34189 – 1.34306 – 1.33915 – 1.33801 – 1.33219 —
1.34261 – 1.34277 —
43.342643183455 – 53.157441223542 —
– —
1.34514 – 1783661400

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –