GBP/USD – 1H – SELL

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.35018732 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.36575 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. 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’ heading down is 82%.

1.36575 – 1.35275 – 1.35757 – 1.3568 – 1.35865 – 1.34538 —
1.35897 – 1.35660 —
48.373753470868 – 38.798391790384 —
– —
1.36575 – 1777654800

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