@khadija87 on GBPUSD | PriceONN Community

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khadija87
khadija87 PRO newbie
GBPUSD Mar 3
Is anyone else seeing a potential double top forming on the H4 chart around 1.3370? I'm a little wary of shorting with the 20 SMA so close, but the RSI is also looking a bit overbought. What are your thoughts on the likelihood of a reversal here? Or am I just seeing things lol
GBPUSD

Replies (1)

khadija87
khadija87 PRO newbie Mar 3
Okay, update: So I dug a little deeper into that possible double top. The more I look at it, the more I'm thinking it might be a false signal. Volume isn't really confirming the reversal, and the D1 chart still looks pretty bullish overall. Maybe I'm just too eager to short lol. I think I'll wait for a clearer signal before making any moves. Probably gonna wait to see if it breaks past 1.3380 resistance. Anyone else have an opinion?
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