GBPUSD: Double Top
First time in Forex!
GBP looks to be setting up a double top. I bought at the orange line, but a safer buy would be confirmed break below the neckline (blue line). The double top target lands right at the green horizontal line, which is major support. Stop can be pretty tight. This is why I chose this trade, it has a great risk to reward! Hopefully the first forex trade is a success!
GBP looks to be setting up a double top. I bought at the orange line, but a safer buy would be confirmed break below the neckline (blue line). The double top target lands right at the green horizontal line, which is major support. Stop can be pretty tight. This is why I chose this trade, it has a great risk to reward! Hopefully the first forex trade is a success!
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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.