GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.34926 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35267 |
| 2nd High | 1.35203 |
| Next High | 1.34926 |
| Current Price | 1.34621 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.34926 – 1.34900 – 1.35203 – 1.34676 – 1.34340 – 1.34446 — 43.711313306552 – 37.597102667234 — 0 – 0 – 10.169982615414 – 3.2526345159144
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – –