Sell GBP/USD – 30M – SELL

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.36160224 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.36711 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Two Crows’ candlestick pattern is existing. The candles show ‘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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 1.37327
2nd High 1.37116
Next High 1.36711
Current Price 1.36426
Next Low 1.359
2nd Low 1.3586
3rd Low 1.35081

1.36711 – 1.36536 – 1.36414 – 1.359 – 1.36043 – 1.36042 —
1.36469 – 1.36535 —
60.915830274742 – 64.438337003242 —
– —
1.36711 – 1770915600

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