GBP/USD – 4H – SELLThe combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
A descending movement downwards to the next support line at 1.34559 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.36165 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Besides a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.36165 |
| Current Price | 1.35632 |
| Next Low | 1.34559 |
| 2nd Low | 1.34151 |
| 3rd Low | 1.32502 |
1.36165 – 1.35594 – 1.35928 – 1.34559 – 1.34151 – 1.32502