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U.S. Dollar / Swiss Franc
Short

double top and violation of a channel

By VasilyTrader
Updated
snapshot

hey traders,

on dollar swiss we have a nice potential opportunity to sell the market.
the market is overwhelmingly overbought right now and looking left we see that the market reached a decent level of structure.

now we see a bearish violation of a rising channel in conjunction with double top pattern.
I will be looking for a bearish violation of local support to sell the market.

stop is above the tops!

targets are based on structure.

good luck!
Note
BREAKOUT
Note
retest of structure
Note
Triple top
Note
very close to initial target
Note
hit the initial target
Double Top or BottomParallel ChannelSupport and Resistance
VasilyTrader
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