There's two options on GBPUSD now. Both of them are for a downside move!
The first one is to see price breaking below the support at 1,3837,
which will confirm a double top pattern and we would then expect market reaching the 1,3762 level next.
The second one is to see price above the previous high first which is at 1,3905.
This will only be temporary and quickly after that we should see another downfall.
In this case scenario we could make a better entry at a better level by using a certain candlestick formation.
In both scenarios our confirmed entry signal is after price breaks below 1,3837!
Watch out for the USD news - they will guide us which one of those two options to trade.
The first one is to see price breaking below the support at 1,3837,
which will confirm a double top pattern and we would then expect market reaching the 1,3762 level next.
The second one is to see price above the previous high first which is at 1,3905.
This will only be temporary and quickly after that we should see another downfall.
In this case scenario we could make a better entry at a better level by using a certain candlestick formation.
In both scenarios our confirmed entry signal is after price breaks below 1,3837!
Watch out for the USD news - they will guide us which one of those two options to trade.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
