Possible SHORT on GBPCHF

Possible short. This is my Gold Setup (as usual). Here's why I'm interested...

• 200-EMA is holding this price down, especially since the price totally got rejected at that level.
  
• Price is in the overbought region of the MFI signaling a possible reversal
  
• counter trend line is strongly broken
  

Good luck...

Trade active:

This pair is being resilient as the price didn't immediately fall like I would've wanted it to. There's hope tho! The price tested that 200-EMA and the bulls were completely stuffed yet again. I'm still short on this trade looking to TP around 1.18292. Luckily my MFI is showing bearish-divergence which should allow this price to fall as it should.

Comment:

This is now a PLATINUM setup due to the divergence and the double-top that formed at that 200-EMA level.

Trade closed: target reached:

I'm out of this trade. Wow, that was a ride!

My entry: 1.19068
My exit: 1.18397
Pips Gained: 67.1