GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

The bearish trend down to the next support level at 1.36739 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.37703 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.37488 – 1.37403 – 1.37523 – 1.36739 – 1.36827 – 1.37199

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Double bottom retreat down