good morning, guys
GBPCHF reached a strong resistance of a rising wedge pattern.
taking into consideration oversold rsi with divergence on 8h/4h charts
and a double top formation with a confirmed violation of its minor support on 1h,
chances are high that the price will retrace.
to catch a bearish movement you can sell the retest of broken support or just enter aggressively depending on the desired r/r.
targets:
1.2037
1.2017
stop above the tops
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.