GBPUSD - Why this was an obvious short? 70 pips and running.

My morning tip to my selected live chat members, payed off already.

Read the full story:

1. Double Top which also happens to be a Fib Level - very nice confluence.

2. On the way to the Fib there are a couple of hard to move up waves. Well guess what, these were seller absorbing the buy orders.

3. Finally Plutus Reversal Short on Fib provide us with the timing to enter

This is the Magic of Speed Index.