GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards

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

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.37327 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.37327 – 1.37149 – 1.37875 – 1.365 – 1.36227 – 1.3742 —
1.37169 – 1.36562 —
44.644175114026 – 37.197878349861 —
– —
1.37327 – 1770202800

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Double bottom chart pattern – – – – – – – –