Hello Sophisticated Traders,
Over trade, last time rallied over 1000 pips and the $GBPUSD has met a potential double top. Though it seems to have tapped out of the downward trend, the pair is extremely overbought on the daily and is due for a pullback. This could potentially provide another 200-300 pips retracement. Only a daily close above the 1.3200 can negate this trade.
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Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable professional trader.
Over trade, last time rallied over 1000 pips and the $GBPUSD has met a potential double top. Though it seems to have tapped out of the downward trend, the pair is extremely overbought on the daily and is due for a pullback. This could potentially provide another 200-300 pips retracement. Only a daily close above the 1.3200 can negate this trade.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know to be a profitable professional trader.
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Telegram: https//t.me/sophisticatedtraderchat
Website: sophisticatedtrader.com/
Facebook: www.facebook.com/Sophistictrader
Instagram: www.instagram.com/sophistictrader/