Simple Trade: price putting a doulbe top, break the structure retested : 0.618 and now we can go short. all the way to 1.6666 where the AB=CD move complete. and is also a key support level
Comments
leonkenndy
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How to shorting the pound ?
jago25_98
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methods:
basket of GBP and short all
or futures account and short sell
or... manually go to a UK lender such as zopa, borrow cash GBP, buy something with that cash, then when it's time to pay back sell whatever you bought it with for GBP to pay back the loan (very risky)
tntsunrise
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just a forex pair. sell gbp and buy usd.
Timing_is_key
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Hello tntsunrise,
just noticed your chart, well constructed and great forecast!..I had virtually the same forecast a while back on the 240 minute on this pair, it's great to see the same conclusion using two different methods.
The double top was a test on my upper parallel and is where I entered using a smaller time frame.