Last Week I post Double Bottom in GBPUSD 4 hours time frame.
As I Have shown in the chart with the RED Vertical line. Target is already achieved.
As GU is highly bullish it might reach 1.26000 which is a major Support-Resistance area and then It will go down.
On other handside It has completed bearish BAT on 4h Time Frame which is another confirmation that GU will go down for sure.
We cant say point D is completed or not yet there is a possibility that Point D will completed @ 1.26000 but it is confirmed that GU will fall.
If we talk about Targets for Short TRADES our First target will be Point B and then it could be C or A if it will keep falling or it might get a nice pull back from point B.
For me I will look for short entries are I have achieved my target in Double Bottom already.
Its a big short for me.
Please hit like button if you like my idea and follow me for more ideas.
As I Have shown in the chart with the RED Vertical line. Target is already achieved.
As GU is highly bullish it might reach 1.26000 which is a major Support-Resistance area and then It will go down.
On other handside It has completed bearish BAT on 4h Time Frame which is another confirmation that GU will go down for sure.
We cant say point D is completed or not yet there is a possibility that Point D will completed @ 1.26000 but it is confirmed that GU will fall.
If we talk about Targets for Short TRADES our First target will be Point B and then it could be C or A if it will keep falling or it might get a nice pull back from point B.
For me I will look for short entries are I have achieved my target in Double Bottom already.
Its a big short for me.
Please hit like button if you like my idea and follow me for more ideas.