GBP/USD – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descent downwards to the next support line at 1.31332 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.3176 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.3176 – 1.31925 – 1.32002 – 1.31332 – 1.31415 – 1.31353 —
1.31473 – 1.31462 —
45.343393777315 – 49.13585673314 —
– —
1.31760 – 1763460000

Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top – Symmetrical Triangle Chart Pattern – – – –