GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.33242 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.34326 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.34326 – 1.34231 – 1.34102 – 1.33831 – 1.33242 – 1.33495 —
1.34176 – 1.34209 —
54.570634133408 – 56.270526124735 —
– —
1.34326 – 1781215200

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