GBPUSD Short- Double top & could not break above resistance
GU has literally been perfect as far as impulsing, retesting previous resistance, and then continuing. Now GU impulsed retested previous resistance but it not able to continue past that level of resistance. It has formed a double top and the neckline is at a 50% reversal. Double tops and other market patterns, like head and shoulders, like to go back to its origin so that's where I placed my TP. Not only was it, its origin but was conveniently a previous level of support.
I highly suggest trailing stop loss of course with any trade but especially now since news is constantly coming out because of COVID-19.
I highly suggest trailing stop loss of course with any trade but especially now since news is constantly coming out because of COVID-19.
Trade fermée: cible de profit atteinte
YAYYY TP WAS HIT. Late on the update but I showed my TP above!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.