GBP/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3431489 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.34607 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Harami’ candle chart pattern is existing. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.34607 – 1.34254 – 1.34326 – 1.33976 – 1.33831 – 1.33242 —
1.34438 – 1.34507 —
59.398959636693 – 63.261678181751 —
– —
1.34607 – 1781492400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Harami – – – – – – – – –