GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.34138 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.34448 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35165 |
| 2nd High | 1.34649 |
| Next High | 1.34448 |
| Current Price | 1.34126 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33633 |
1.34448 – 1.34649 – 1.35165 – 1.34241 – 1.34154 – 1.34503 —
1.34364 – 1.34342 —
50.68261026809 – 40.436853681497 —
– —
1.34448 – 1767915000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –