SHORT trade analysis on GBPCHF.
Graph is looking bearish from resistance of Double Top to support zone in nice downtrend. Price completed Double Top formation and is about to fall again. We may see retest on Neckline as well but not necessary. Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from resistance of Double Top to support zone in nice downtrend. Price completed Double Top formation and is about to fall again. We may see retest on Neckline as well but not necessary. Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.