GBP/USD – 1H – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.34997068 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.35989 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. 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’ heading down is 82%.

1.35989 – 1.35944 – 1.35785 – 1.34727 – 1.35043 – 1.35161 —
1.35183 – 1.35441 —
51.449731875789 – 57.878290605385 —
– —
1.35989 – 1776441600

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