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ThePoisedTrader

GBP/USD Short trade based off patterns from price action

Singkat
Paun British / Dolar A.S. (FX:GBPUSD)  
ThePoisedTrader  
FX:GBPUSD   Paun British / Dolar A.S.
Chart Patterns chartpatterntrading dailychart lowerlow swingtrading intradaytrader dailyforecast
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chartpattern chartpatterntrading dailychart lowerlow swingtrading intradaytrader dailyforecast
Potentially a large swing trade setup coming next week.

Daily Chart -
snapshot
Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area.

4HR Chart -
snapshot
Here is the price pattern in more detail. The first profit target is the start of the ascending pattern.

1HR Chart -
snapshot
Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
Penafian

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