GBPUSD
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it formed a double top before and broke down the support, now the level line is currently a resistance and has rejected going above it in the previous swing.
it is likely to form a double top again on that level, wait for enough confirmation to place your sell order. if it accepts the hypothesis of it being a double top wait till it breaks the support till it finds a new support.
and if it forms a lower high there is also a high probability it will form a lower low too
it is likely to form a double top again on that level, wait for enough confirmation to place your sell order. if it accepts the hypothesis of it being a double top wait till it breaks the support till it finds a new support.
and if it forms a lower high there is also a high probability it will form a lower low too
Nota
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it has broken the resistance; uptrend
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