GBP/USD – 30M – SELL

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

A descent down to the next support at 1.33976 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.34607 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle pattern is existing. 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 success rate of a ‘Three Black Crows’ going down is 82%.

1.34607 – 1.34254 – 1.34326 – 1.33976 – 1.33831 – 1.33242 —
1.34421 – 1.34455 —
58.905013910871 – 53.780306911924 —
– —
1.34607 – 1781492400

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –