GBP/USD – 4H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards

A descending movement down to the next support at 1.35119 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.36575 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.355235 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.36575 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. 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).

1.36575 – 1.35757 – 1.35989 – 1.35119 – 1.34538 – 1.34472 —
1.36340 – 1.36298 —
64.866734945845 – 62.002180509173 —
– —
1.36575 – 1777651200

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