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Chart Patterns: GBP/USD forms Triple Top, sell on rallies

FX:GBPUSD   British Pound/U.S. Dollar
553 6 12
Pattern formed- Triple top

Intraday Trend reversal level- 1.5250

Cable has formed temporary top around 1.5250 and retreated from that level. It is currently trading at 1.51978.

Any break above 1.5250 will take the pair to new level 1.5300/1.5350.

On the downside minor support is around 1.5200 and break below targets 1.5150/1.5080.

It is good to sell on rallies around 1.5202-5205 with SL around 1.5251 for the TP of 1.5140/1.5080
break out resistance 1.5246
+1 Reply
sl triggered or wait?
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so nice of u. and once again thank u sir
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i'm big fan of you. your anaylsis are too Good sir
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may i know your name sir?
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FxWirePro PRO SyedMunib
Rangarajan working as Fx Strategist in FxWirepro
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