GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards

A bearish descent downwards to the next support line at 1.36739 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.37884 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.37884 – 1.37488 – 1.37403 – 1.36739 – 1.36827 – 1.37199

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Rising Wedge Chart Pattern