the overall move is on an upward trend going down to 15m chart, I'm looking to sell the double top I'm looking to exit the sell around the 61.8% retracement of the move upwards and look to see what price action does at this blue zone scoping out the price action at this blue zone will tell me if I want to go for the buy this is in correlation with other GBP pairs as I am expecting them to continue their trudge upwards
1HR chart: been showing weakness since 7am today multiple signs of reversal coming soon. we've got lots of wicks to the upside. doji candlesticks. bearish pin bars.
4H chart: 4H bearish pin bar signaling reversal
SELL trade instructions: sell limits in and near the top of the zone stop loss ~20 pips. I place it a few pips above the most recent wicks in that area target ~10 pips or so before 61.8 level to be safe
BUY trade instructions: wait for price action PAYtience
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sell trade 60 pips in profit
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took a lot longer than expected however it played out perfectly. you should've bought the 61.8 area
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