GBP/USD – 1H – 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 at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.37116 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Next a ‘Three Inside Down’ chart pattern is detected. The candles show ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.37116 – 1.36961 – 1.37 – 1.36042 – 1.3609 – 1.36309 —
1.36342 – 1.36686 —
46.51364730907 – 57.699495480009 —
– —
1.37116 – 1770811200

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