GBPCHF just put in a double top, followed by a breakaway and 618 retracement. Price put in a bunch of long wicks over the fib level on the hourly but didn't close above.
Double top lines up with fib confluence of .382 and .5 fib retracements and previous structure low.
Price is currently in a consolidation phase in a downtrend, expecting trend continuation at breakout.
Double top lines up with fib confluence of .382 and .5 fib retracements and previous structure low.
Price is currently in a consolidation phase in a downtrend, expecting trend continuation at breakout.