Double Top formation forming at the GBP/CAD
Updated
The weekly timeframe is about to form a 'Double Top' formation
Price is expected to sell at previous resistance according to its past in May 2017
Although it looks like an uptrend, price is expected to fall and hit trendline target and then retrace back.
All annotations are in the graph.
I look for optimum entry positions to get the maximum amount of pips.
Price is expected to sell at previous resistance according to its past in May 2017
Although it looks like an uptrend, price is expected to fall and hit trendline target and then retrace back.
All annotations are in the graph.
I look for optimum entry positions to get the maximum amount of pips.
Note
Typo on entry price, it should be 1.77810. I focus on whole numbers.
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