GBP/AUD

2 Supply Ob's I'd be looking to short.

There's a double top on GBP/AUD and on the 15-minute chart there's a nice bearish candlestick that confirms it within the price action area. Because of this, I expect GBP/AUD to sell to 1.93462

Where did you learn about Double Tops?

It's not a Double Top until the Neckline is broken, which is also an entry point.

If you simply enter at the top, perhaps you are trading support & resistance levels.

And trusting a single, 15-minute candle pattern as Bearish? Nothing to do with Double Tops.

Good Luck

Double Top

A Double Top is a reversal pattern that is formed after there is an extended move up.

The “tops” are peaks that are formed when the price hits a certain level that can’t be broken.

After hitting this level, the price will bounce off it slightly, but then return back to test the level again.

If the price bounces off of that level again, then you have a DOUBLE top!

Attached Image (click to enlarge)

Next short inbound if we get the rebalance higher.