If price rejects the upper level or closes below the level, that might be the signal to start prepping for a short on GBPUSD, even further break below the lower levels would see price likely falling to the 50% retracement. A good trader would not follow the price. Let the 'setup' come to you.
Please share your thoughts.
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Please share your thoughts.
**Pls like and follow for more analysis.
Comment:
waiting on price to form the double tops now. Then trade will be active.
Trade active:
I am in.
Comment:
Price met my Criteria with a double top
Comment:
There might be another opportunity for those who want to enter this trade ar 1.24653. Remember to set SL above the last spike before this Swing high
Comment:
Still holding on this trade
Trade closed manually:
I am closing this trade. Price structure is changing. will look for a better entry
Comment:
Would set a sell stop below the wick of this candle