British Pound / U.S. Dollar
Short
Updated

Potential Short

99
How to trade with Lo

Potential Short on GBPUSD

T: Trend -> 4 hourly -> DOWN.
S: Structure -> Red Zone.
E: Entry Reason -> Double top with RSI divergence on lower time frame (15min or 60min chart) and the belief of NY reversal and mid week reversal. If missed the second top after the stop hunt then trade the retest of the neckline.
E: Execution -> waiting

Good luck
Trade closed: target reached
sorry for the late update
target reached

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