GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at is certain.

Caution: A possible change in the direction of resistance at 1.37884 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.37884 – 1.37403 – 1.37523 – 1.37034 – 1.36739 – 1.36827

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Double top chart pattern