GBP/USD – 4H – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline down.

A bearish descent downwards to the next support line at 1.33804 will continue.

Caution: A possible change in the direction of the resistance level at 1.35989 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Two Crows’ candlestick pattern is found. The chart forms ‘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 – 1.35892 – 1.3484 – 1.34746 – 1.34727 – 1.33804 —
1.35352 – 1.35179 —
44.659884573228 – 45.279999603007 —
– —
1.35989 – 1776441600

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