GBPUSD gave us a double top at price level 1.25939 failing to break the high, which confirmed that there is a reversal imminent.
Price fell to price level 1.23878 and formed a m15 double bottom to indicate a retracement, giving us the opportunity to go long for the short term until the next bear strike zone at around price level 1.24914 to the 61.8 retracement area.
Entry:Around 1.24914
SL: 1.25726
TP: 1.22541

GBPUSDiH1-2

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.