GBP/USD – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

The bearish trend downwards to the next support level at 1.35119 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.3569 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Separating Lines’ candlestick chart pattern is discovered. The candles show ‘Bearish Separating Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).

1.3569 – 1.3601 – 1.36035 – 1.35119 – 1.3523 – 1.3568 —
1.35316 – 1.35366 —
28.895415079572 – 39.534084924733 —
– —
1.3569 – 1777915800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Separating Lines – Symmetrical Triangle Chart Pattern – – – – – – – –