USDCHF Short-term sell setup

25 ott 2016

• Price bounced of resistance which is also the 127.2% fib extension zone
  
• Divergence on the 4h MACD
  
• Stochastics cross from the overbought area
  
• placed pending order as i'm looking for price to make a double top on the smaller times frames
  
• However if price doesn't make a double top then will manually look for a sell setup around the lower high formation
  

USDCHF