There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.34727 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 1.35344 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35989 |
| 2nd High | 1.35441 |
| Next High | 1.35344 |
| Current Price | 1.34901 |
| Next Low | 1.34824 |
| 2nd Low | 1.34815 |
| 3rd Low | 1.34727 |
1.35344 – 1.35441 – 1.35989 – 1.34824 – 1.35208 – 1.34815 —
1.35207 – 1.35145 —
48.86348318411 – 41.403694112313 —
– —
1.35344 – 1776762000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –