GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline down.

A bearish descent down to the next support line at 1.34538 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.35275 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ” indicator signal is detected. The indicator shows ”. this is usually a bearish chart scenario. The pair is likely to go down.

!

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The 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%.

1.35275 – 1.35757 – 1.35179 – 1.34538 – 1.34571 – 1.34627 —
1.36116 – 1.36090 —
77.645597992743 – 76.597282740009 —
– —
1.35275 – 1777431600

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