My bias is short on this pair, this could be a nice opportunity to join the downtrend.
A classic 2618 setup, price formed a double top, broke the neckline and now is near the 0.61 fib retracement.
SL and targets on chart.
Trade only one GBP pair at a time.
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
A classic 2618 setup, price formed a double top, broke the neckline and now is near the 0.61 fib retracement.
SL and targets on chart.
Trade only one GBP pair at a time.
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
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Trade triggered to the pip.