if the double bottom plays out on the dollar index (dxy - see previous post) and we get nice confirmation, I'll be looking to take this double top short on gbpusd, I'll be waiting for confirmation alike here too! Currently waiting on price to be done correcting to previous highs
new lower high, if you also watch the dollar index (dxy), a double bottom could play out quite nicely which would also further my short bias on the cable, what's your thoughts?
edit: notice the double top and break of structure, it looks like we are getting a retest of the descending trendline
I'm seeing the pound correcting at the moment, I will be waiting for signs that price is bullishly exhausted prior to considering shorts, price is approaching a level of interest:
Looking to take a 1:6 rrr short, 1% risk / monitoring DXY #1
