GBP/USD – 30M – SELL

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

A bearish movement downwards to the next support line at 1.34063 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34694 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.34694 – 1.34757 – 1.34502 – 1.34063 – 1.34447 – 1.34081 —
1.34801 – 1.34702 —
67.802397473347 – 56.574356940381 —
– —
1.34694 – 1780345800

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