GBP/USD – 30M – SELL

Next a ‘Double bottom retreat down’ chart formation is discovered. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 1.34621 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35008 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.35008 – 1.34490 – 1.34764 – 1.34621 – 1.33825 – 1.34002

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