GBPUSD Short- Double top & could not break above resistance

12 de jul. de 2020

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.

17 de jul. de 2020

Trade fechado: objetivo atingido

YAYYY TP WAS HIT. Late on the update but I showed my TP above!