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SignalCentralFX

GBPUSD Dropping 200+ Pips

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
SignalCentralFX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Double Top or Bottom patterntrading GBPUSD
3
1
trendanalysis harmonicpatterns doubletoporbottom patterntrading gbpusd
We have a bearish bat pattern in the 4HR Chart and we also have an Ichimoku Cloud cross indicating a possible reversal of the upward momentum. We are taking this trade based more in the harmonic pattern than the Ichimoku but still a powerful trade. Also there is a double top on the 1.3580 area. Our take profit is a STRONG support area, stop loss is calculated at the D point which we don't think will be touched again, just in case it breaks the trend line and in case they want to fake us out.
Almost a 4:1 RR.

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