Here's another beautiful short on GBPUSD!
The market is originally trading to the down side. We were able to identify a key support area on 1.22778. The market has rejected this area not once but twice, forming a double top on H1 and H2, which is a beautiful pattern to confirm a trend reversal or an end of a pull back. We also have another confirmation on our RSI, which is a divergence. With these two confirmation it is safe to say we riding this one to the downside.
The market is originally trading to the down side. We were able to identify a key support area on 1.22778. The market has rejected this area not once but twice, forming a double top on H1 and H2, which is a beautiful pattern to confirm a trend reversal or an end of a pull back. We also have another confirmation on our RSI, which is a divergence. With these two confirmation it is safe to say we riding this one to the downside.