GBP/USD – 4H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support line at 1.35119 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.36429 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. 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’ going down is 82%.

1.36429 – 1.36575 – 1.35757 – 1.35119 – 1.34538 – 1.34472 —
1.36429 – 1.36320 —
61.187427956241 – 54.125428095613 —
1.36429 – 1778068800 —
– 1778068800

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –