A SHORT Trade Setup for USDCHF. Triple Top Formation!

Price has approached a crucial resistance level. triple top formation also happens to be present there. On the 4hr charts, it can be seen that the trendline has been violated and breached the 4hr 50 EMA too. The price might slightly retrace towards the daily 50 ema where out take profit levels lies too. have a look at the details below

INSTANT ENTRY AT AROUND 1.00480 LEVEL
STOP LOSS: 1.01300
TAKE PROFIT: 0.99600
RISK TO REWARD RATIO: 1:1

SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM IN THIS THREAD. CHEERS

Trade active

Trade closed: target reached:

Close your trades. The price is very near the daily 50 EMA support. Cheers