GJ formed a double top. Looking for candlestick confirmation to downside. If price breaks zone look for continuation to upside. I have 4H and Daily marked with double top zone to see clear rejection/candle stick analysis for big move.
STRATEGY: S&R Trading Strategy
ID: 1209
Analysis TF: 1D
Focus TF: 1H
AOV: Minor Resistance Area
ET (1H): Bearish Engulfing
CP: Ascending Channel
1D Analysis
MS: Sideways - Price is moving in a range
1H Analysis:
CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of...
GBPCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018)
- Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves.
Suggested Trade:
Entry @...
