GBP/USD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.33344 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.33844 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.33844 – 1.32915 – 1.32764 – 1.33344 – 1.32943 – 1.32616 —
1.33655 – 1.33733 —
60.976832684954 – 56.974852982635 —
– —
1.33844 – 1783011600

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