GBPUSD
GU has created a double top with what looks to be bearish presence around the 1.365 area.
1.365 being a psychological level also favours the downside as it acts as a strong resistance.
with price being in a higher time frame downtrend, the 786 fib retracment zone , backed by double top and psycho level gives us enough confluences to take the trade favouring the downside.
scalper like entry but with swing trade targets.
Trade active:
hi everyone :) a quick update on the trade, currently floating 90 pips and stop loss to break even. i hope everyone managed to catch some pips.... if youre late to the party, wait for price to pull back before you decide to jump in.