GBP/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 1.33109 is expected.

Caution: A possible change in the direction of the resistance line at 1.33864 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this 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’ heading down is 82%.

1.33864 – 1.34027 – 1.33696 – 1.33109 – 1.32971 – 1.33056 —
1.33808 – 1.33486 —
53.710315510486 – 43.050750351429 —
– —
1.33864 – 1772679600

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