On the higher timeframes we can see an obvious uptrend beginning to form on GBPUSD. The current price has gone back up and began to come down after confirming a double top on an ascending triangle formation. We are taking sells until it continues to go down to create a 3rd touch point of the triangle on the horizontal support line, where we have set our buy limit.
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.