GUDUSD 4H Double Top Whole Numbers Short Trade

There is a double top as price has hit the top of the channel. At the double top on the 1H chart there is a very large body red candle that pulls price quickly away from the channel top (probably news). Day chart is over bought on macd and is red. Entry is on 30 m as price breaks that immediate support level @1.3040. As you approach each whole number use the 15 m chart for timing of exit and re-entries. 1st TP @ 1.3005 take 1/2 position off and re-enter if price breaks through @ 1.2995. 2nd TP @ 1.2955 take 1/2 position off and re-enter if price breaks through @1.2945. Close all trades @1.2905. Use trailing SL. Place SL just above the high of the proceeding candle of current price. These channel lines are drawn from our Channel Trending Indicator, it works great. 
We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.

Watch for our new “Five Candle Mastery Trading Strategy”.