GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 1.36227 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.37149 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38139 |
| 2nd High | 1.37875 |
| Next High | 1.37149 |
| Current Price | 1.36549 |
| Next Low | 1.36227 |
| 2nd Low | 1.34819 |
| 3rd Low | 1.34015 |
1.37149 – 1.37875 – 1.38139 – 1.36227 – 1.36599 – 1.3662 —
1.37007 – 1.36829 —
65.094217807088 – 41.827481650311 —
– —
1.37149 – 1770033600
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –