GBP/CHF Sell Idea. Resistance + Divergence

Price is currently testing a strong resistance level. If it's unable to break through, I expect the prices to drop. I'll be selling a breakout down. We also have regular bearish divergence in play.

I've based my sl etc on the fibs shown in the graph, but use whatever works for you.

Kommentera:

I entered at 1.5070 after the price broke downwards. Hopefully the downtrend will continue.