GBP/USD – 1H – SELLMoreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Three Inside Down’ chart pattern is discovered. The candles form ‘Three Inside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33767 |
| 2nd High | 1.33558 |
| Next High | 1.33223 |
| Current Price | 1.32814 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.33223 – 1.33558 – 1.33767 – 1.32118 – 1.32599 – 1.32551
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Inside Down