Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.351145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.35757 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36613 |
| 2nd High | 1.35989 |
| Next High | 1.35757 |
| Current Price | 1.35355 |
| Next Low | 1.34982 |
| 2nd Low | 1.34532 |
| 3rd Low | 1.34472 |
1.35757 – 1.35368 – 1.34726 – 1.34982 – 1.34532 – 1.34472 —
1.35685 – 1.35553 —
54.099188161595 – 53.368522372568 —
– —
1.35757 – 1777302000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –