GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.3586 will continue.

Caution: A possible change in the direction of the resistance zone at 1.37 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.37 – 1.36285 – 1.3623 – 1.36717 – 1.3586 – 1.35876 —
1.36689 – 1.36935 —
41.885012270671 – 60.404873579443 —
– —
1.37 – 1770672600

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