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fluffystat
Sep 27, 2022 10:43 PM

GBP rounded tops Short

British Pound/U.S. DollarFXCM

Description

Parity with USD is on the radar, but not sure how low we will go or how fast it will happen. Swing low is at the 1.035 area; swing high is at 1.092. Price appears to keep making rounded top shapes, which are usually bearish (though sometimes there's like an inverse cup and handle type action?).
Comments
Michael_Blurry
Better to look for a rounded top and the top of an uptrend, not the bottom of a downtrend.
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