Chart Patterns: GBP/USD forms Triple Top, sell on rallies
Pattern formed- Triple top
Intraday Trend reversal level- 1.5250
Cable has formed temporary top around 1.5250 and retreated from that level. It is currently trading at 1.51978.
Any break above 1.5250 will take the pair to new level 1.5300/1.5350.
On the downside minor support is around 1.5200 and break below targets 1.5150/1.5080.
It is good to sell on rallies around 1.5202-5205 with SL around 1.5251 for the TP of 1.5140/1.5080
Intraday Trend reversal level- 1.5250
Cable has formed temporary top around 1.5250 and retreated from that level. It is currently trading at 1.51978.
Any break above 1.5250 will take the pair to new level 1.5300/1.5350.
On the downside minor support is around 1.5200 and break below targets 1.5150/1.5080.
It is good to sell on rallies around 1.5202-5205 with SL around 1.5251 for the TP of 1.5140/1.5080