GBP/USD – 1H – SELLIn addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.34997796 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.35591 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36712 |
| 2nd High | 1.36602 |
| Next High | 1.35591 |
| Current Price | 1.35115 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33566 |
1.35017 – 1.34908 – 1.35302 – 1.34138 – 1.34013 – 1.34492 —
1.35616 – 1.35395 —
75.249450835302 – 55.371386878534 —
– —
1.35017 – 1767373200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –