GBP/USD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 1.30382 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.31088 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.31088 – 1.31231 – 1.3176 – 1.30382 – 1.3037 – 1.31332 —
1.31063 – 1.31151 —
56.463339127765 – 60.050129772593 —
– —
1.31088 – 1763758800

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