Tasty double-top pattern seen!
Double-top pattern from 1.2647 seen on #GBPUSD daily timeframe.
The break of the neckline (1.2247) has likely seen traders jump in short, targeting 1.1855.
The take-profit target is derived from the pattern peak to the neckline then projected from the breakout point (purple).
The break of the neckline (1.2247) has likely seen traders jump in short, targeting 1.1855.
The take-profit target is derived from the pattern peak to the neckline then projected from the breakout point (purple).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.