Triple Top Formation on GBP/USD 15M - 125 Pip Move
Simple technical analysis on Cable today.
Price tested 1.37 three separate times (a whole psychological level) and rejected all three times. Price has moved 125 pips to the downside. Combining key psychological levels with double and triple tops is a powerful trading confluence.
We also have fundamental news with Boris Johnson to outline further lockdown steps at 20:00 GMT tonight.
For more:
fxaxe.com - send us an enquiry!
Happy Trading!
Price tested 1.37 three separate times (a whole psychological level) and rejected all three times. Price has moved 125 pips to the downside. Combining key psychological levels with double and triple tops is a powerful trading confluence.
We also have fundamental news with Boris Johnson to outline further lockdown steps at 20:00 GMT tonight.
For more:
fxaxe.com - send us an enquiry!
Happy Trading!
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