GBP/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.334835 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.34668 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern 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’ heading down is 82%.

1.34668 – 1.32977 – 1.33503 – 1.32456 – 1.32509 – 1.32731 —
1.34421 – 1.34233 —
73.856108490579 – 62.322155424387 —
– —
1.34668 – 1773957600

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