GBP/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.34128 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘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 probability of ‘Three Black Crows’ going down is 82%.

1.34128 – 1.34445 – 1.34637 – 1.33621 – 1.34191 – 1.33893 —
1.33864 – 1.34086 —
40.399390060395 – 54.953250459583 —
– —
1.34128 – 1768564800

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Double top retreat up – – – – – – – –