GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1.33566 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34445 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.33893 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.34445 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘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).

1.34445 – 1.34637 – 1.34944 – 1.34191 – 1.33893 – 1.34154 —
1.34275 – 1.33935 —
37.782910039495 – 36.799732754872 —
– —
1.34445 – 1768474800

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