GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
A descent downwards to the next support at 1.37494 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.38686 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38686 |
| Current Price | 1.38201 |
| Next Low | 1.37494 |
| 2nd Low | 1.36635 |
| 3rd Low | 1.36426 |
1.38686 – 1.37127 – 1.36817 – 1.37494 – 1.36635 – 1.36426 —
1.38299 – 1.38397 —
62.010543404723 – 62.075980372946 —
– —
1.38686 – 1769551200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –