Get started
Moipone_Phakisi

GBPUSD Forming A Double Top - SHORT!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Moipone_Phakisi  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Supply and Demand Double Top or Bottom
0
0
supportandresistance supplyanddemand doubletoporbottom
Price did not pullback all the way to H1 Supply. The momentum to the downside is strong. But if you missed the initial move do not fret. I see a double top forming and estimated targets will be in an MRA zone.

Wait for the break of neckline (that H4 watchzone/demand), a pullback and a confirming bearish candlestick and then short.

Remember, no confirmation, no trade.

All the best :)
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.