Similar to my GBPCHF trade idea, double top and 2 bar reversal. Stop loss at previous high and 1st entry for sell stop at market noise below the 2 bar reversal and another sell stop entry at the double top neckline.
I've spotted a potential double top and 2 bar reversal on GBPCHF. I've placed a sell stop market noise below the neckline of the double top which also roughly captures the entry for the 2 bar reversal. Stop loss is at the previous high.
I've spotted an engulfing bearish bar followed by an inside bullish bar which stays within the bearish engulf bar. This is a potential bearish reversal, I've placed a sell stop market noise below the engulfing bar and stop loss at the high.
AUDCHF price action is currently being supported by a rising trendline. The price is slowly turning and could potentially break the trendline and go down. I have placed a sell stop market noise below the trendline.
I have indicated two possible trades a bearish hammer and double top. I have placed a sell stop market noise under the bearish hammer and since the double top entry is so far away that will be the second entry.