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Wolf_of_Walton

GBPUSD (TOP OF THE TREND IS IN)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Wolf_of_Walton Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
4
0
trendanalysis chartpattern waveanalysis
I personally believe we have reached the TOP of the GBPUSD uptrend today and should start to see some BEARISH momentum taking it down towards 1.33.

It should face the two major fibonacci levels of (0.5 and (0.236 of Macro)), where it will be tested and face rejection at this key level of support.

Good luck.
Trade active:
Average Entry: 1.38572... Let's do this
Comment:
GBPUSD attempted to retest the previous high but failed. We should continue with the downtrend from here
Comment:
I'm approaching this trade with a swing strategy, willing to hold for a week or two until it reaches my TP levels.. Will mention when where my stops will be moved at a later stage. Happy trading
Comment:
The ideal break down to TP..

snapshot
Comment:
Possible triple top?

snapshot
Comment:
A daily close above previous high will lead me to close the trade
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