GBP/USD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support line at 1.37034 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.37884 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.368935 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.37884 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. 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’ heading down is 82%.

1.37884 – 1.37403 – 1.37523 – 1.37034 – 1.36739 – 1.36827

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