Hi Guys,
Lets look at this chart and see that there is a double top formation from the previous top.
Also, we can see that there is a bearish divergence between the previous high and the peak with the RSI showing a downtrend.
From here, i believe that GBPCHF will reverse to a downtrend.
T/P1 at 1.3221
T/P2 at 1.3084
S/L above the 1.3500
Please don't trade more than 2% of your capital
Cheers!
Lets look at this chart and see that there is a double top formation from the previous top.
Also, we can see that there is a bearish divergence between the previous high and the peak with the RSI showing a downtrend.
From here, i believe that GBPCHF will reverse to a downtrend.
T/P1 at 1.3221
T/P2 at 1.3084
S/L above the 1.3500
Please don't trade more than 2% of your capital
Cheers!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.