Hi guys,
today i want to bring this analysis i've made on GBPCHF. As you can see we're in a daily structure zone (blue rectangle) and price is having some difficulties breaking through. Actually it's created a nice double top with RSI divergence (down on the bottom) right at this level, that's also lining up with the 618 retracement and a psychological number (1,2600).
Also, there's a Bat pattern that's just completed and it's a good confimation of the sell signal.
Stops would go above X, targets as in the picture above.
If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
today i want to bring this analysis i've made on GBPCHF. As you can see we're in a daily structure zone (blue rectangle) and price is having some difficulties breaking through. Actually it's created a nice double top with RSI divergence (down on the bottom) right at this level, that's also lining up with the 618 retracement and a psychological number (1,2600).
Also, there's a Bat pattern that's just completed and it's a good confimation of the sell signal.
Stops would go above X, targets as in the picture above.
If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Comment:
I haven't shorted it yet. Don't like the last candle. Let's wait and see.