GBP/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.34138 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.35165 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.35165 – 1.35674 – 1.35017 – 1.34913 – 1.34138 – 1.34013 —
1.34858 – 1.34589 —
34.592411983383 – 30.166064664059 —
– —
1.35165 – 1767762000

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