GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.32547 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.33223 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.32118 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.33223 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33558 |
| 2nd High | 1.33446 |
| Next High | 1.33223 |
| Current Price | 1.31688 |
| Next Low | 1.32547 |
| 2nd Low | 1.32118 |
| 3rd Low | 1.32024 |
1.33223 – 1.33446 – 1.33558 – 1.32547 – 1.32118 – 1.32409
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows