HEY TRADERS:
In this analysis for GBPUSD, we see price approaching the third touch
which has the highest possible reversal, take note two touches is also valid for a setup completion.
my expectation for now i need to see likely a third touch to the double top line
or a bearish impulse reversal (shift in momentum) a break of trendline followed by a bearish continuation correction
thanks for reading
TRADE SAFE AND STAY SAFE USE A PROPER RISK MANAGEMENT
In this analysis for GBPUSD, we see price approaching the third touch
which has the highest possible reversal, take note two touches is also valid for a setup completion.
my expectation for now i need to see likely a third touch to the double top line
or a bearish impulse reversal (shift in momentum) a break of trendline followed by a bearish continuation correction
thanks for reading
TRADE SAFE AND STAY SAFE USE A PROPER RISK MANAGEMENT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.