GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 1.31415 is likely expected.

Caution: A possible change in the direction of resistance at 1.3176 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.3176 – 1.31925 – 1.3174 – 1.31415 – 1.31353 – 1.3148 —
1.31486 – 1.31625 —
40.91239370254 – 53.463187839517 —
– —
1.31760 – 1763460000

Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top – – – – –