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rcjugg

GBPUSD Short scenario

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
rcjugg  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns gbpusdshort gbpusdanalysis gbpusdbearish priceaction
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trendanalysis chartpattern gbpusdshort gbpusdanalysis gbpusdbearish priceaction
- Price forming rising wedge, anticipating breakdown following recent rallies
- Double top formation indicating failure to produce fresh highs, anticipating reversal of market bias to bearish
- Will be taking double entry, first target to take partials at 1.4 and second at 1.38, 1:4RR and 1:12RR
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