GBP/USD - double top forming, awaiting confirmation
Hi all,
Here we have the start of a double top forming on the GBP/USD, 1HR chart Just awaiting confirmation of the break of the neckline (black dashed line) which is also at a key level on the 4HR chart.
We have a slight decline in the price highs leading up to the double top and this can be confirmed by the decline shown in the volume bar at the bottom.
Should be a clear short all the way to the next key level on the 4HR timeframe.
This is my opinion and no way any financial advice and for education purposes, all feedback welcomed.
Trade safe and good luck
L
Here we have the start of a double top forming on the GBP/USD, 1HR chart Just awaiting confirmation of the break of the neckline (black dashed line) which is also at a key level on the 4HR chart.
We have a slight decline in the price highs leading up to the double top and this can be confirmed by the decline shown in the volume bar at the bottom.
Should be a clear short all the way to the next key level on the 4HR timeframe.
This is my opinion and no way any financial advice and for education purposes, all feedback welcomed.
Trade safe and good luck
L
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