great selling opportunity for us on a dollar swiss pair. Market is in a clear downtrend and I was looking for entries to sell the market.
after reaching 0.972 we see a sharp pullback up until 0.985 level. double top formation leaves us clues that bulls are exhausted and bears come into play. that we see a local violation of support 0.982. this is a really strong signal and we should not miss it!
I have already opened selling order.
your stop as always is above the tops! intial target 0.977 but can be extended 0.972