GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline down.

A bearish movement downwards to the next support line at 1.33831 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34326 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.34326 – 1.34231 – 1.34102 – 1.33831 – 1.33242 – 1.33495 —
1.34185 – 1.34539 —
56.358532482761 – 65.968492508886 —
– —
1.34326 – 1781215200

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