GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) goes from the ascending trendline down.

A descending movement down to the next support level at 1.31415 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.31925 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

And also a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.31925 – 1.3174 – 1.32002 – 1.31415 – 1.31353 – 1.3148 —
1.31623 – 1.31504 —
50.197114612932 – 43.857031945189 —
– —
1.31925 – 1763389800

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