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jtanum

GBPCHF on a Bearish divergence

Short
Livre sterling / Franc suisse (FX:GBPCHF)  
jtanum  
FX:GBPCHF   Livre sterling / Franc suisse
Trend Analysis Harmonic Patterns Chart Patterns GBPCHF gbpchfshort gbpchfsell
2
0
trendanalysis harmonicpatterns chartpattern gbpchf gbpchfshort gbpchfsell
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!
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