Tarvin_The_Trader
Short

GBPUSD MEDIUM TERM SHORT POSSIBILITY

OANDA:GBPUSD   Britisches Pfund / US-Dollar
22 0 2
The A B C D pattern has formed which quite resonates well with the fib levels and sup/dem areas if drawn correctly. The current price action might be forming a double top . However, the double top pattern would be confirmed upon the break and close below the neckline. A short position can be placed upon the neckline retest and paying close attention to the candlestick formation at that point.

This is to ensure that you don't involve yourself in market reversals. You definately don't want to get yourself in the big boys fights. Ride the trend.
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