looking at the 4H chart you can see a double top
forming, price hasn't closed above the double top
since 20th march. I personally don't see this as a valid setup and won't be taking the trade unless we see a strong close below 146.27. looking at the daily chart
we could still push further up as Fridays candle has closed quite low so I am anticipating movement within the range box shown between 146.20 & 146.90 before closing below 146.27. I have set two profit targets as I feel price could find support around 144.80 however if we break this area I will be moving my stop loss to 145.70 and letting the trade run risk free.
of course be sensible with risk management especially when trading GBP pairs at the moment as large spikes can easily take us out of trades.
please feel free to like and comment as this is only my second post on Trading view and any feedback is much appreciated.