Get started
Felipersan24

Double Top?

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
Felipersan24  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD pounddollar dolalr Bearish Patterns sellsetup short gbpusdshort Double Top SELL
7
0
trendanalysis indicator chartpattern gbpusd pounddollar dolalr bearish sellsetup short gbpusdshort doubletop sell
Price could make a double top on a key resistance/pivot area.
We can see a well defined downtrend channel.
If price fails to break resistance, it should look to test the most proximate support; should such support break, a continuation to even lower support areas should occur.
The extension of a bearish impulse would lead to the inferior trendline of the channel.

Best of luck!
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.