GBP/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 1.36309 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.36961 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.36961 – 1.37 – 1.3623 – 1.36309 – 1.3586 – 1.35081 —
1.36693 – 1.37064 —
51.63398994907 – 60.665623957716 —
– —
1.36961 – 1770739200

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