GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 1.32565 will continue.

Caution: A possible change in the direction of the resistance zone at 1.32823 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.32823 – 1.33778 – 1.34269 – 1.33098 – 1.33517 – 1.32565 —
1.32529 – 1.31939 —
32.712798055281 – 27.09049916388 —
– —
1.32823 – 1774861200

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