GBP/USD – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A bearish movement downwards to the next support line at 1.37034 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.37884 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.368935 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.37884 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this 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%.

1.37884 – 1.37403 – 1.37523 – 1.37034 – 1.36739 – 1.36827

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