LiorST

GBPUSD Double Top

Short
FX:GBPUSD   British Pound / U.S. Dollar
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1
Double Top pattern in the Daily chart , authenticated by breaking the support on the base of the double top Pattern.
The distance between the base of the pattern and the first top is about 400 pips, so we'll use that as a target for the end of the pattern. Please note there is a fibo level at 1.5500 which is a possible support, consider lowering exposure around this price level.

Comments

You may now close the trade or set your SL at around 1.54 to try and catch a further move down..but this trade is a winner
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We are holding at the fibonacci support at 1.5500...for now
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