GBP/USD – 4H – SELL

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

A descent down to the next support line at 1.32333 will continue.

Caution: A possible change in the direction of the resistance line at 1.34433 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

1.34433 – 1.34236 – 1.32918 – 1.32333 – 1.32024 – 1.27079

Download GBP/USD Signal Image

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