GBP/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.32881764 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.33764 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candle chart pattern is existing. The candles show ‘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’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.33764 – 1.33864 – 1.34027 – 1.33056 – 1.33461 – 1.3303 —
1.33530 – 1.33396 —
40.304911731655 – 46.744058118672 —
– —
1.33764 – 1772708400

Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –