GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 1.26795 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.27253 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27873 |
| 2nd High | 1.27283 |
| Next High | 1.27253 |
| Current Price | 1.26908 |
| Next Low | 1.26795 |
| 2nd Low | 1.26660 |
| 3rd Low | 1.26354 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows