luismialcega

EURGBP Possible short and Double top

Short
FX:EURGBP   Euro / British Pound
Now the price is at the resistance area. we got a bearish candle pattern. So, price may hit the 0.23 fib level, and then if price break the fib level and the support trend line it might hit the 0.38fib level and make the double top giving an opportunity to go short. Anyways, you can go short now while price go to 0.23 fib level, and then you can see if price still goes down or not to continue the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.