USDCHF has reached a major falling trend line.
on 1H the price started to slow down and currently it is forming a double top formation.
0.948 is a minor structure support.
wait for its bearish breakout (1H candle close below) to short the pair.
T1 - 0.9467
T2 - 0.9455
safe stop above the tops
in case of a formation of a new higher high within the channel on 1H,
setup will be invalid.
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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.