GBPCHF: Classic Double Top Trade

8 thg 9, 2020

GBPCHF is retesting a strong 4H resistance cluster.
within that, the price has formed a double top formation.
taking into consideration a local bearish trend, chances are high that the price will drop.

to short that zone wisely, wait for 1H candle close below 1.2053 level.
then short aggressively or on a retest.

the first goal will be 1.2024

if the market sets a new higher high, the setup will be invalid.