GBP/USD – 30M – SELL

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

A bearish movement down to the next support line at 1.34982 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.35757 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

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

1.35757 – 1.35368 – 1.34726 – 1.34982 – 1.34532 – 1.34472 —
1.35337 – 1.35372 —
42.647297249689 – 48.552982818539 —
– —
1.35757 – 1777302000

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