GBP/USD – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.32588024 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.33693 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.32654 – 1.32892 – 1.33693 – 1.32299 – 1.32178 – 1.33347 —
1.33370 – 1.33191 —
71.166790638686 – 60.182206953284 —
– —
1.32654 – 1773633600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –