1. On 4 hours timeframe of GBPUSD, there is a double top pattern which has two false breakout candlesticks were resisted at the resistance region at the fibs level of 100
2. After that, GBPUSD was continually to react downtrend market which has lower descending trendline indicated the downtrend structure
3. At the fibs level of 61.80, GBPUSD was reacted price reversal for the market retesting and then the market was eventually to go downtrend until the fibs level of 50
4. At the fibs level of 50, GBPUSD was retraced until the market was resisted at the resistance region of 1.22797. However, due to the cease operating of bank for US memorial day, the bearish market structure is uncertainly, so that I was decided to take partial profit at 1.21978 and earned 43 pips on GBPUSD
2. After that, GBPUSD was continually to react downtrend market which has lower descending trendline indicated the downtrend structure
3. At the fibs level of 61.80, GBPUSD was reacted price reversal for the market retesting and then the market was eventually to go downtrend until the fibs level of 50
4. At the fibs level of 50, GBPUSD was retraced until the market was resisted at the resistance region of 1.22797. However, due to the cease operating of bank for US memorial day, the bearish market structure is uncertainly, so that I was decided to take partial profit at 1.21978 and earned 43 pips on GBPUSD