GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.31906 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.32636 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33322 |
| 2nd High | 1.32823 |
| Next High | 1.32636 |
| Current Price | 1.32349 |
| Next Low | 1.31906 |
| 2nd Low | 1.31586 |
| 3rd Low | 1.31237 |
1.32636 – 1.32239 – 1.32823 – 1.31906 – 1.31586 – 1.31734 —
1.32294 – 1.32534 —
51.462819782821 – 61.3514369285 —
– —
1.32636 – 1774978200
Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – – – – – – – – –