GBP/USD – 30M – SELL

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

A bearish trend down to the next support line at 1.31237 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.32135 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.

1.31973 – 1.32135 – 1.31152 – 1.31237 – 1.31528 – 1.3095 —
1.32569 – 1.32449 —
66.337950238167 – 48.439952749762 —
– —
1.31973 – 1764144000

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –