USDCHF Short-term sell setup

FX:USDCHF   U.S. Dollar / Swiss Franc
33 0 2
  • Price bounced of resistance which is also the 127.2% fib extension zone
  • Divergence on the 4h MACD
  • Stochastics cross from the overbought area
  • placed pending order as i'm looking for price to make a double top on the smaller times frames
  • However if price doesn't make a double top then will manually look for a sell setup around the lower high formation
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