GBP/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.35431 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.35785 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.35785 – 1.35892 – 1.34789 – 1.35431 – 1.33804 – 1.34101 —
1.35734 – 1.35813 —
57.836543218999 – 55.519485823763 —
– —
1.35785 – 1776276000

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