GBP/USD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.348965 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.35989 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.35989 – 1.35892 – 1.3484 – 1.34472 – 1.34746 – 1.34727 —
1.34839 – 1.35757 —
43.750452874361 – 59.969760041685 —
– —
1.35989 – 1776441600

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