GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards
A bearish trend down to the next support at 1.36426 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.36817 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘%K cross below 0.8’ indicator layout is discovered. The indicator is ‘%K cross below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37884 |
| 2nd High | 1.37522 |
| Next High | 1.36817 |
| Current Price | 1.36516 |
| Next Low | 1.36426 |
| 2nd Low | 1.34819 |
| 3rd Low | 1.34015 |
1.36817 – 1.35083 – 1.3439 – 1.36426 – 1.34819 – 1.34015 —
1.36677 – 1.36721 —
58.201495386819 – 51.672763565216 —
– —
1.36817 – 1769387400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –