GBP/USD – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.35119 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.3569 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.3569 – 1.3601 – 1.36035 – 1.35119 – 1.3523 – 1.3568 —
1.35299 – 1.35302 —
39.562003696582 – 44.495860495731 —
– —
1.3569 – 1777915800

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