GBPUSD (TOP OF THE TREND IS IN)

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 ist aktiv:

Average Entry: 1.38572... Let's do this

Kommentar:

GBPUSD attempted to retest the previous high but failed. We should continue with the downtrend from here

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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

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The ideal break down to TP..

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Possible triple top?

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