GBP/USD – 30M – SELL

And also a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

The currency pair British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at 1.34559 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.35097 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.35097 – 1.35364 – 1.35655 – 1.34898 – 1.34559 – 1.35241

Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top