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PipMorningstar
Jul 3, 2017 8:41 PM

GbpUsd 4H - Broken Trendline, Kangaroo Tail, Double Top Short

British Pound/U.S. DollarFXCM

Description

GbpUsd is bearish, and it will remain so for this month. I believe lows will be reached in monthly support zones. In any case, this trade is short term aiming the first TP on previous recent structure. Furthermore, the kangaroo tail has printed before the breakout as the doible top formation was formed.

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Bests
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Refernces: Naked Forex (book), Akil Stokes (trader).
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