GBP-USD PAIR HAS BROKE BULLISH TREND ON H-1 CHART, AND GAVE US SELL OPPORTUNITY AT PREVIOUS STRUCTURE RESISTANCE. CHART FORMED DOUBLE TOP FORMATION RIGHT AT PREVIOUS STRUCTURE RESISTANCE WHICH GIVES US CONFIRMATION THAT PAIR MIGHT RESUME IT'S BEARISH TREND.
REASON FOR SELL : DOUBLE TOP FORMATION AT PREVIOUS STRUCTURE RESISTANCE.
SELL ENTRY: 1.2622
STOP LOSS: 1.2716
TARGET-1: 1.2465
TARGET-2: 1.2365
TRADERS CAN TRAIL THEIR STOPS WITH THE EXTENDED TARGET OF 1.2365.
REASON FOR SELL : DOUBLE TOP FORMATION AT PREVIOUS STRUCTURE RESISTANCE.
SELL ENTRY: 1.2622
STOP LOSS: 1.2716
TARGET-1: 1.2465
TARGET-2: 1.2365
TRADERS CAN TRAIL THEIR STOPS WITH THE EXTENDED TARGET OF 1.2365.