GBP/USD – 30M – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

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 1.33015 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.33844 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Inside Down’ candle pattern is detected. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.33844 – 1.32915 – 1.32764 – 1.32943 – 1.32616 – 1.32186 —
1.33559 – 1.33506 —
57.610385566415 – 56.118253005433 —
– —
1.33844 – 1783011600

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