GBP/USD – 30M – SELL

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.31293008 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.31925 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.31925 – 1.3174 – 1.32002 – 1.31415 – 1.31353 – 1.3148 —
1.31560 – 1.31539 —
46.461363068281 – 45.982652682747 —
– —
1.31925 – 1763389800

Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – – – – –