USD CHF SET UP USD CHF, has formed a double top pattern and has broken the neckline.
We are looking for a retest of neckline for entry.
-How to identity Double Top Pattern
1) Look for a proceeding uptrend HHs & HLs
2) Look for a resistance level/high levels where the market drops.
3) Wait for the price to go back to that level to make it and equal highs.
4) Use technical tools to draw them out and wait for the neckline breakout and retest.
5) Enter at the rest of the neckline and target 1-2 or 1-3.
NOTE: Retest doesn't always happen but when it dose it is useally a strong confirmation
Trade safe
UBK
