GBP/USD – 30M – SELL

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.359 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.36711 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

1.36711 – 1.36536 – 1.36414 – 1.35900 – 1.36043 – 1.36042 —
1.36018 – 1.36238 —
36.225799745777 – 50.801166757316 —
1.35900 – 1770973200 —
1.36711 – 1770915600

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