GBP/USD – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A descent downwards to the next support line at 1.36293 is certain.

Caution: A possible counter-trend in the direction of resistance at 1.36712 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.36308396 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.36712 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.36712 – 1.36194 – 1.35702 – 1.36293 – 1.35235 – 1.35126 — 45.604565069002 – 44.309359686787 — 66.666666666667 – 33.333333333333 – 82.537650261563 – 64.491390068996

Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – Rising Wedge Chart Pattern – –