GBP/USD
As you can see we have classic Forex pattern combo move...
"Impulse - correction - Impulse - correction " (patterns withing the pattern)
I would not go long on next Impulse because we are getting close to doubble top and because we are in assending channel which is reversal pattern....
So we have two options here , One is to break down soon on this 3rd touch or Retest on doubble top and go SHORT...
Be patient, it would be nice R:R if this one plays out!!!
"Impulse - correction - Impulse - correction " (patterns withing the pattern)
I would not go long on next Impulse because we are getting close to doubble top and because we are in assending channel which is reversal pattern....
So we have two options here , One is to break down soon on this 3rd touch or Retest on doubble top and go SHORT...
Be patient, it would be nice R:R if this one plays out!!!
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