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Aleksandar_Rose

GBPUSD is heading towards Reversal Zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Aleksandar_Rose  
FX:GBPUSD   British Pound / U.S. Dollar
structure structure-trade Double Top rsi_divergence GBPUSD Fibonacci Fibonacci Retracement fibextensions Fibonacci Inversion
9
0
structure structure-trade doubletop rsi_divergence gbpusd fibonacci fibonacciretracement fibextensions fibonacciinversion
After price broke higher the structure zone, now GBPUSD is heading towards the reversal zone on 1H.

Reversal Zone is formed by:
1.414 Fibo Extension from the current structure Low to local high
1.618 FIbo Inversion
0.618 Fibo Retracement
Structure to the left (purple one)

You can enter aggressively on that structure trading opportunity or your entry rules - LLLC, Double Top(don't forget the RSI) and so on.
Stops above the structure (purple one), the target will be a retest of the Structure Low.

Good luck
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