Razvan

GBPCHF - The Double Top formation

Short
FX:GBPCHF   British Pound / Swiss Franc
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A close under 1.5080 might just send the pound even lower. The base of the top formation is quite strong. We have there a trend line and a very good support. The target of the double top is near the main trend line and at the next support zone .

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Followed.
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there is the Double Top here? O_o
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Razvan holywooodfx
I think now, looks more to a descending triangle
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I think so too... but not sure that is good time to open new positions now before European Union to Offer Banking Union Plans, Constitutional Court Ruling EMS, GBP Claimant Count Change, haha))
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Razvan holywooodfx
I agree...it will be like a blind date :))...we should wait even if TA looks bearish
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I am french, sorry for my English. I think GPB will increase during the 3 next months.
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Razvan TOM_RAIDER
No worries, from the technical point of view, it still has potential to hit the trend line. What are your views on it? Fundamentals?
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Agreed.
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most likely it will be confirmed tonite. Price is breaking the Ichimoku cloud (1D). t1 : 1.4980 t2 : 1.4880. I like it.
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it has reshaped in a descending triangle, so it still has potential to break.
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