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British Pound / U.S. Dollar
Short
Updated

SHORT GBPUSD

Pros
  • Channel-break.
  • Double top confirmed.
  • The dollar is strengthening.

Cons
  • Countertrend.

Strategy
  • I'm gonna try to sell on pullback.
  • I think the double top projection is too agressive. That's because i put it on 38/50% zone.
  • The stop is above the support zone and channel uptrend.
  • The divergence on hourly timeframe can cause a pullback to enter short.
Order cancelled
pecpec
channel-breakDouble TopDouble Top or BottomGBPUSDLONGSupport and Resistance
pecpec

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