GBP/USD – 1H – SELL

The currency 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 1.33242 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34326 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Then a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.34326 – 1.34231 – 1.34102 – 1.33242 – 1.33495 – 1.33579 —
1.34121 – 1.34254 —
57.563434430646 – 59.60302792295 —
– —
1.34326 – 1781215200

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –