GBP/USD – 1H – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline down.

A descent down to the next support at 1.36635 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.38473 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3695936 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.38473 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.38473 – 1.38686 – 1.37127 – 1.3742 – 1.37494 – 1.36635 —
1.37636 – 1.37672 —
37.591923712617 – 42.057799583233 —
– —
1.38473 – 1769677200

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