A double top has already formed no the GBPCHF 240 chart and we are good to go.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing.
S.L. 1.21789
T.P. 1.20034
GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December.
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