GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.34154 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.34649 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. 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 | 1.35674 |
| 2nd High | 1.35165 |
| Next High | 1.34649 |
| Current Price | 1.34303 |
| Next Low | 1.34154 |
| 2nd Low | 1.34138 |
| 3rd Low | 1.34013 |
1.34649 – 1.35165 – 1.35674 – 1.34154 – 1.34503 – 1.34849 —
1.34376 – 1.34367 —
48.663008077029 – 47.247929834074 —
– —
1.34649 – 1767850200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –