Perfect actually i am looking for a experts whois doing trade in Gbpusd like you.actually last day i have a sell from 1.5090 zone and for that reason i am feeling so worry and still i hold that order in loss so now i can feeling some relax to see your analysis and really i like it.....
Olu
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what was your reason to sell at 5090? just asking
Fx.saif1
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Actually trade entry time i am doing news trading so i see Gbp news comes bad and i just selling from 1.5090
Fx.saif1
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Well so your target support level ?
Olu
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I am looking lower towards 1.4800. If that goes...
Fx.saif1
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So Breakout level and double top level ?
Olu
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I am looking for a breakdown out of the structure. However I awill be looking for better selling opportunities higher until the double top is taken out where I will abandon shorting. If I am right and get a higher selling point and price does not move above the double top I will use a possible breakdown from the structure to add to my shorts looking for prices below the 1.5000 mark. Hope this explains my thinking