GUDUSD 4H Double Top Whole Numbers Short Trade
There is a double top as price has hit the top of the channel. At the double top on the 1H chart there is a very large body red candle that pulls price quickly away from the channel top (probably news). Day chart is over bought on macd and is red. Entry is on 30 m as price breaks that immediate support level @1.3040. As you approach each whole number use the 15 m chart for timing of exit and re-entries. 1st TP @ 1.3005 take 1/2 position off and re-enter if price breaks through @ 1.2995. 2nd TP @ 1.2955 take 1/2 position off and re-enter if price breaks through @1.2945. Close all trades @1.2905. Use trailing SL. Place SL just above the high of the proceeding candle of current price. These channel lines are drawn from our Channel Trending Indicator, it works great.
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