FX:GBPUSD   British Pound/U.S. Dollar
167 3 5
GBPUSD             showing a temporary double top near previous support level 1.55. RSI overbought on 4H suggesting downward momentum. 1:2 risk ratio as well.
TP1 1.54
TP2 1.53
Closed out +25 pips and looking to reshort on a small pullback
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Great reading, do you use any other indicators to help predict?
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TheBulltrader Calculated
I use RSI as my only indicator, but I trade mostly double tops, double bottoms, oversold RSI,overbought RSI, and support and resistance zones and always think of the monthly trend. As for drawing tools, I use trend lines, Fibonacci's, and the cloning functions of lines.
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