GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline down.
A bearish movement down to the next support at 1.25093 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.25416 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26136 |
| 2nd High | 1.25878 |
| Next High | 1.25416 |
| Current Price | 1.25238 |
| Next Low | 1.25093 |
| 2nd Low | 1.24744 |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows