GBP/USD – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish descent down to the next support level at 1.35431 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.35892 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.35892 – 1.34789 – 1.34581 – 1.35431 – 1.33804 – 1.34101 —
1.35573 – 1.35763 —
50.991721040872 – 57.990865108881 —
– —
1.35892 – 1776178800

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –