GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support at is expected.

Caution: A possible counter-trend in the direction of resistance at 1.33360 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘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%.

Then a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

1.33360 – 1.33304 – 1.33451 – 1.32551 – 1.32598 – 1.33086

Download GBP/USD Signal Image

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