double top and violation of a channel
hey traders,
on dollar swiss we have a nice potential opportunity to sell the market.
the market is overwhelmingly overbought right now and looking left we see that the market reached a decent level of structure.
now we see a bearish violation of a rising channel in conjunction with double top pattern.
I will be looking for a bearish violation of local support to sell the market.
stop is above the tops!
targets are based on structure.
good luck!
Note
BREAKOUTNote
retest of structureNote
Triple topNote
very close to initial targetNote
hit the initial target
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