GBP/USD – 30M – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.36777 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.37327 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.37327 – 1.37068 – 1.37061 – 1.365 – 1.36227 – 1.36599 —
1.37169 – 1.36657 —
43.118565942912 – 29.381311640127 —
– —
1.37327 – 1770202800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –