GBP/USD – 1H – SELL

Then 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 signal. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. 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 is likely expected. Target of the current trend is 1.35430584 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.36429 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.36429 – 1.36575 – 1.35275 – 1.3578 – 1.35132 – 1.35119 —
1.36237 – 1.36096 —
62.631189391117 – 44.671340985437 —
– —
1.36429 – 1778072400

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