TheVortexTrader

GBP/USD Double-Top Forming

Satış
FX:GBPUSD   İngiliz Sterlini / ABD Doları
Hi Traders,

We are on GBP/USD 1-Hour

We can see we have a double-top forming.

I have highlighted the neck zone in yellow.

I would like to see the price close below the neck zone accompanied by strong volume.

The break of this neck zone would also confirm a break of the trend line.

I will then set a pending order to open up a short position.

We have partial divergence on the MACD Histogram but not on the MA Lines.

Entry Rules –
1) Price needs to close below the neck zone with conviction
2 )Price needs to retrace to the neck zone.
3) We need lower volume upon entry.

If those three conditions are met, then I will open a short position targeting 1.334 and then 1.3317.

Good luck to everyone trading today.

Trade safe.

Vortex
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.