GBPUSD TO SHORT?
As we can see GU has previously respected an upward trendline from a strong bullish trend, we had a break of that trendline and formed resistance beneath it, we now have a double top formation giving us confluence for the sell setup. If i draw my fibonacci from the last major high to the previous low the double top lines up perfect with the 61.8 retracement level aswell. Im looking to swing this for a 200+ pip move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.