GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A bearish trend downwards to the next support level at 1.365 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.37068 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.36579672 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.37068 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative 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’ heading down is 82%.

1.37068 – 1.37061 – 1.37149 – 1.365 – 1.36227 – 1.36599 —
1.36980 – 1.37096 —
52.61828739171 – 61.181481306926 —
– —
1.37068 – 1770145200

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