USDCHF - Double Top short entry
Price is slowly making lower lows and lower highs. Price has now formed a double top after a very strong bullish period. I believe that due to the bullish period there will be a quick fall in price as orders flip and stops are taken out, however there is a possibility that the bullish trend could continue. Target to close position is at the low of the previous swing.
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.