GBP/USD – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 1.33831 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.34254 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.34326 |
| Next High | 1.34254 |
| Current Price | 1.33974 |
| Next Low | 1.33831 |
| 2nd Low | 1.33242 |
| 3rd Low | 1.33056 |
1.34254 – 1.34326 – 1.33911 – 1.33831 – 1.33242 – 1.33495 —
1.34254 – 1.34078 —
59.307076755615 – 51.709738073463 —
1.34254 – 1781267400 —
– 1781267400
Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –