VasilyPonomarev
Short

Potential reversal zone

FX:GBPUSD   Britisches Pfund / US-Dollar
Happy New Year, traders.
For those who finnished vacations and who are back from winter hollidays I want to show nice potential reversal zone on pound dollar.
First of all, as we always start, we are looking left: what we see is that the market right now is standing in very important structure level, moreover, we see RSI divergence that stand for the exhausting market condition.
Also, we are now contemplating nicely formed double top , so having these signals, we may anticipate movement down to test the support of the channel.
Stops above channel resistance, good luck!
Kommentar: Back to the zone
I am waiting for it to hit the highs it hit yesterday as a confirmation and if it again doesn't break it. Full steam ahead downwards.
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