GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.365 will continue.

Caution: A possible change in the direction of the resistance line at 1.37149 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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%.

1.37149 – 1.37875 – 1.38473 – 1.365 – 1.36227 – 1.3742 —
1.37326 – 1.36946 —
64.111789838515 – 37.733437626341 —
– —
1.37149 – 1770033600

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