GBPUSD DOUBLE TOP

Oct 5, 2021

GBPUSD
GU has created a double top with what looks to be bearish presence around the 1.365 area.
1.365 being a psychological level also favours the downside as it acts as a strong resistance.
with price being in a higher time frame downtrend, the 786 fib retracment zone , backed by double top and psycho level gives us enough confluences to take the trade favouring the downside.
scalper like entry but with swing trade targets.

Oct 6, 2021

Trade active

hi everyone :) a quick update on the trade, currently floating 90 pips and stop loss to break even. i hope everyone managed to catch some pips.... if youre late to the party, wait for price to pull back before you decide to jump in.