GBP/USD – 30M – SELL

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.33828 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.34804 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

1.34804 – 1.3483 – 1.34465 – 1.341 – 1.343 – 1.3413 —
1.34525 – 1.34516 —
59.371408323798 – 46.600396372871 —
– —
1.34804 – 1773172800

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