GBP/USD – 30M – SELL

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. 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 is expected. Target of the current trend is 1.367525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.38309 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.38309 – 1.38686 – 1.37003 – 1.36635 – 1.367 – 1.36426 —
1.37902 – 1.37938 —
43.138283828495 – 50.839489270675 —
– —
1.38309 – 1769590800

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