GBPCHF selling opportunity with very good confluence.
In 1hour timeframe, market is retesting the previous resistance zone, RSI showing divergence at the same time, Expecting a double top here. On 15 min time frame market is broke the internal trendline and also tried to retest the internal trend line , failed and formed a bearish engulfing, its a good time to short, take position using 15 min time frame and expecting a price to reach the next demand zone of 1H for good rewards.
Trade closed: target reached
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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.