GBPCHF: How To Catch a Pullback?

٣١ أغسطس ٢٠٢٠

good morning, guys

GBPCHF reached a strong resistance of a rising wedge pattern.

taking into consideration oversold rsi with divergence on 8h/4h charts
and a double top formation with a confirmed violation of its minor support on 1h,
chances are high that the price will retrace.

to catch a bearish movement you can sell the retest of broken support or just enter aggressively depending on the desired r/r.

targets:
1.2037
1.2017

stop above the tops

good luck!