GBP/USD – 4H – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the ascending trendline downwards

A bearish movement downwards to the next support at 1.34538 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.35757 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘3 Stars In The South’ candle chart pattern is existing. The candles form ‘3 Stars In The South’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘3 Stars In The South’ heading up is 86% (Bull Market) & 100% (Bear Market).

1.35757 – 1.35989 – 1.35892 – 1.34538 – 1.34472 – 1.34746 —
1.35934 – 1.36014 —
64.921239876398 – 55.612720813038 —
– —
1.35757 – 1777291200

Trading Signals: FOREX – GBP – GBP/USD – USD – 3 Stars In The South – – – – – – – – –