GBP/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.339245 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.34607 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Harami’ candle chart pattern is found. The chart shows ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.34607 – 1.34326 – 1.34231 – 1.33831 – 1.33242 – 1.33495 —
1.34354 – 1.34398 —
48.857511437142 – 49.031839104006 —
– —
1.34607 – 1781492400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Harami – Rising Wedge Chart Pattern – – – – – – – –