GBP/USD – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.34128 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘%K cross below 0.8’ indicator signal is discovered. The indicator is ‘%K cross below 0.8’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.33621 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 1.34128 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.34128 – 1.34445 – 1.34446 – 1.33767 – 1.337 – 1.33621 —
1.34106 – 1.34030 —
66.702729669086 – 52.398541894736 —
– —
1.34128 – 1768566600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –