GBP/USD – 1H – SELL

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

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

Caution: A possible change in the direction of the resistance zone at 1.37149 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.36227 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 1.37149 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The 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%.

1.37149 – 1.37875 – 1.38473 – 1.36227 – 1.3742 – 1.37494 —
1.36857 – 1.36991 —
51.887800608399 – 50.959753737346 —
– —
1.37149 – 1770033600

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