Short GBP/USD
Updated
GBP/USD - main drop down retraced back to the 0.50 FIB and is descending again. Double top at the 0.382 FIB of main move down.
Resistance at 1.24250 - short taken.
Previous support at 1.23629 now seems to have formed as resistance on the 2hr.
Take profit - 1.22860 (0.50 FIB)
Stop Loss - 1.25052 (just above previous double top levels)
Resistance at 1.24250 - short taken.
Previous support at 1.23629 now seems to have formed as resistance on the 2hr.
Take profit - 1.22860 (0.50 FIB)
Stop Loss - 1.25052 (just above previous double top levels)
Note
Take profit not reached - actually closed early in profit.Potential sell again at resistance were double top previously formed...
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.