GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline down.

A bearish trend down to the next support level at 1.33976 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.34607 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.339245 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.34607 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. 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).

1.34607 – 1.34254 – 1.34326 – 1.33976 – 1.33831 – 1.33242 —
1.34455 – 1.34313 —
53.780306554892 – 47.433455212444 —
– —
1.34607 – 1781492400

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –