bigpipin

double top short for bgpusd

Short
FX:GBPUSD   British Pound / U.S. Dollar
2
Price has seemed to had a pullback to our massive monthly triangle finally and has now also made a double top on the weekly chart. Based on the double top criteria we could see the cable fall a possible 400 pips to which is also the 50 fib retracement of the weekly ab leg over the next few weeks.
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.