GBP/USD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.35081 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.36613 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative 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’ going down is 82%.

1.36613 – 1.36586 – 1.36711 – 1.35519 – 1.36345 – 1.36351 —
1.35972 – 1.35495 —
40.161437189424 – 22.3181998002 —
– —
1.36613 – 1771239600

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