GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) moves from the descending trendline down.

A continuation of the downtrend down to the next support level at 1.32971 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.33764 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.33764 – 1.33864 – 1.34027 – 1.32971 – 1.33056 – 1.33461 —
1.33633 – 1.33642 —
57.216072313468 – 59.023092647629 —
– —
1.33764 – 1772708400

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