GBP/USD – 30M – SELL

Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.35266256 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.35989 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The 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).

1.35989 – 1.35365 – 1.35944 – 1.35043 – 1.35161 – 1.35534 —
1.35885 – 1.35531 —
71.140399985223 – 52.962750392839 —
– —
1.35989 – 1776441600

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