GBPUSD (more detailed analysis)

17 באפר׳ 2019

GBPUSD
W1:
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level

D1:
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)

H4:
We have a triple top (at the above green zone)
Price is currently ranging between the 2 green zones (top & bottom)

So if price breaks down (the bottom green zone) ...we will have a very big shorting opportunity with a lot of pips to be made (of course after a retest of the zone)
if it doesn't...then we buy and set our TP at the above green zone (tested 3 times & trendline confluent zone) GBPUSD