GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.33606 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3483 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.33298944 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.3483 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. 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%.

1.3483 – 1.34092 – 1.33864 – 1.33606 – 1.341 – 1.32826 —
1.33761 – 1.33982 —
36.020033814549 – 43.12303239418 —
– —
1.3483 – 1773140400

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