GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 1.35132 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.3569 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.3569 – 1.3601 – 1.36035 – 1.35132 – 1.35119 – 1.3523 —
1.35491 – 1.35779 —
59.198737221018 – 72.626208757821 —
– —
1.3569 – 1777915800

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