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JaceYoung
Aug 3, 2016 4:44 PM

GBPUSD 2618 Trade Short

British Pound/U.S. DollarFXCM

Description

The market has formed a valid double top and is now setting up a nice 2618 opportunity. My profit target will at prior support around the 1.32817 level that is within the green shaded "take profit" area. I also like the bearish RSI below as well as a lower level confirmation. Let me know your thoughts.

Comment

Target hit!
Comments
MarcielSouza
tone bearish ahead BOE rate cut
dlbsanborn
Love it, Jace. Saw this forming too so I got in this trade on Nadex at 1235pm.

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