GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards

A descent downwards to the next support level at 1.34903 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.35656 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.35656 – 1.35335 – 1.35362 – 1.34903 – 1.34874 – 1.34763 —
1.35591 – 1.35652 —
63.084416980979 – 59.259244501655 —
– —
1.35656 – 1772047800

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