@ShwetaMishra on GBPUSD | PriceONN Community

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Is anyone else seeing a potential double top forming on the H1 chart around the 1.3430 level? I'm curious if this could signal a stronger bearish move in the short term. I'm thinking of opening a small short position if it confirms with a break below the neckline, but want to get some other opinions first. What are your thoughts on the validity of this pattern?
GBPUSD

Replies (1)

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ShwetaMishra PRO newbie Mar 2
Update: I'm also noticing the RSI is showing a bit of divergence on the H1, which adds to the bearish case imo. I'll probably wait for a clear break and retest of the neckline before entering, just to be safe. It's always better to be patient and confirm your bias before jumping in, right? Gotta protect that capital!
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