GBP/USD – 1H – SELL

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

A bearish descent down to the next support line at 1.31237 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.33691 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.32135 – 1.31174 – 1.31088 – 1.31237 – 1.3095 – 1.308 —
1.32500 – 1.32449 —
73.398918072549 – 58.853513130735 —
– —
1.32135 – 1764108000

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