Hello traders! At this moment GBPUSD had a strong rejection from the top of the daily channel. There was previous resistance at this level and now we formed a double top pattern. You need to remember that GBPUSD is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will break the support for more downside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first red candle. We need a STRONG breakout of this structure to confirm the short opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
Comment:
Nice trade! Wait for a corrective structure, for trend continuation.
