Short trade on GBPUSD on the weekly chart.
Hi, so we are looking at the GBPUSD pair on the weekly chart, I took a short here because as you can see we do have a
double top pattern, which is pretty significant and we also have a strong downtrend in place, that alone would be enough for a short trade and finally I waited for a confirmation which was a break below most recent bullish candle.
double top pattern, which is pretty significant and we also have a strong downtrend in place, that alone would be enough for a short trade and finally I waited for a confirmation which was a break below most recent bullish candle.
Note
So far so good, everything still in place.
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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.