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AMITDANGI

GBP-USD STRUCTURE BASED SELL OPPORTUNITY

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
AMITDANGI  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Double Top or Bottom
10
0
supportandresistance doubletoporbottom
GBP-USD PAIR HAS BROKE BULLISH TREND ON H-1 CHART, AND GAVE US SELL OPPORTUNITY AT PREVIOUS STRUCTURE RESISTANCE. CHART FORMED DOUBLE TOP FORMATION RIGHT AT PREVIOUS STRUCTURE RESISTANCE WHICH GIVES US CONFIRMATION THAT PAIR MIGHT RESUME IT'S BEARISH TREND.

REASON FOR SELL : DOUBLE TOP FORMATION AT PREVIOUS STRUCTURE RESISTANCE.
SELL ENTRY: 1.2622
STOP LOSS: 1.2716
TARGET-1: 1.2465
TARGET-2: 1.2365

TRADERS CAN TRAIL THEIR STOPS WITH THE EXTENDED TARGET OF 1.2365.
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