GBP/USD – 1H – SELL

The pair British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support at 1.359 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.36586 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.36586 – 1.36711 – 1.37116 – 1.359 – 1.36043 – 1.36042 —
1.36594 – 1.36375 —
58.72884359111 – 45.935327276606 —
– —
1.36586 – 1771009200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –