CHFJPY Double Top Bearish Divergence 1H TF
CHFJPY instrument shows bearish divergence with double top reversal pattern at 1H TF. I draw three support as S1, S2 and S3. S2 support is exactly at TP1. Therefore, TP1 has huge probability of test. TP2 project lies between S2 and S3. I took a trade, but not hopefully that my TP2 will get hit. If gets hit, i think the instrument might retest the S3 support.
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.