JackTheTrader
Short

Short Term - GBPCHF Short @ 1.3485

FX:GBPCHF   British Pound / Swiss Franc
For my first piece of analysis I see a potential short forming on the 60m chart for GBPCHF             0.08% . There has been a double top at a key structural resistance level . The last candle has closed bearish showing us confirmation this looks a good entry point! I usually aim for a Risk:Reward ratio of between 2:1 - 2.5:1 so for this trade I have set the following parameters:

SHORT ENTRY @ 1.3485
SL @ 1.35185
TP @ 1.3415
RR @ 2.07
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