AUD/CHF was trending down for a very long period of time. Had a strong pullback and is now starting to form a double top. With the huge bearish push from the first time it touched this zone in comparison to the slow climb back to the same price level. I believe the bears are still in control, price just coming back to collect some more orders to make the push downwards.
This all being said we have a perfect short setup here following the double top as long as this rejection occurs cleanly.
Happy Trading! :)
This all being said we have a perfect short setup here following the double top as long as this rejection occurs cleanly.
Happy Trading! :)