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NDOBObanks
May 9, 2021 9:31 AM

GBPCHF Shorts with 4 Listed confluences  Short

British Pound/Swiss FrancFXCM

Description

List of confluences:


1: Double Top Pattern Formation
2: Trendline Breakout
3: New Low Creating Showing a Change in Market Structure (Bearish)
4: Retest of Previous Higher Low and Double Top Neckline.



Trade duration: 2.5 to 3 weeks




Comment

We back to resetting the Double top neckline, this would be a really good time to look for entries! We will be watching for consolidation around this area before looking for entries. It should consolidate of the next 1.5 days until Thursday

Comment

Trade stopped out, we move on the the next setup
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