SynapseTrading

GBP/USD (Daily Chart) - Double Top Breakdown

Short
FX:GBPUSD   British Pound / U.S. Dollar
This pair has formed a mini double top in the middle of a downtrend, which is not officially how a double top works, but it still brings the same bearish connotations.

If it manages to break below the prior swing low, then it is really going to drop like a rock.

I am currently short with a small position, and will continue to add more if the next support level is cleared.

Good luck!

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