GBPUSD want us to short now?

FX:GBPUSD   British Pound/U.S. Dollar
This is a setup that that look promising::
This setup base on 4 technical analysis .

1. A double top is form on the chart on 4H candle stick, as well as a long wick pin-bar on 8H both are re-traced back under " 1.7155 "
2. This price location and the formation of double top match the "ascending channel".
3. This price action also confluent-ed by Fibonacci extension at ( 1.71755 ) which is match to the rejection of the price from a few previous candle stick on 8H
4. and "USDOLLAR Index" also have a "bullish engulfing" on its 8H chart. which indicate that USD is gaining more power recently.

Hence, This could form a very high probability of shorting where a combination of Fibonacci, resistance level at 1.71755 , USDOLLAR             index in the rising and a double top formation.

Thus, The trade should be executed using this setup.
Entry SHORT @ 1.7150 - 1.7155
SL: @ 1.7180 (~ -30pip) (slightly above candle stick rejection of Fibonacci level)
TP: @ 1.7050 (~ 100pip)

May the seller's force be with you.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out