ThePoisedTrader

GBP/USD Short trade based off patterns from price action

Short
FX:GBPUSD   Livre sterling / Dollar américain
Potentially a large swing trade setup coming next week.

Daily Chart - Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area.

4HR Chart -
Here is the price pattern in more detail. The first profit target is the start of the ascending pattern.

1HR Chart -
Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
Clause de non-responsabilité

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