GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 1.33109 will persist.

Caution: A possible change in the direction of the resistance zone at 1.34092 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.34092 – 1.33864 – 1.34027 – 1.33109 – 1.32971 – 1.33056 —
1.34078 – 1.33221 —
59.426809425182 – 36.968689219187 —
– —
1.34092 – 1772820000

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