GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support at 1.34472 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.35179 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.34472 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.35179 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candle 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.35179 – 1.351 – 1.35352 – 1.34472 – 1.34812 – 1.34787 —
1.34681 – 1.34724 —
39.23347239662 – 46.930662782017 —
– —
1.35179 – 1776965400

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