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.
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So far so good, everything still in place.