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pecpec

SHORT GBPUSD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
pecpec Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Double Top or Bottom GBPUSD LONG Double Top channel-break
4
2
supportandresistance doubletoporbottom gbpusd long doubletop channel-break
Pros
  • Channel-break.
  • Double top confirmed.
  • The dollar is strengthening.
Cons
  • Countertrend.
Strategy
  • I'm gonna try to sell on pullback.
  • I think the double top projection is too agressive. That's because i put it on 38/50% zone.
  • The stop is above the support zone and channel uptrend.
  • The divergence on hourly timeframe can cause a pullback to enter short.
Order cancelled
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