SWISSY MAKES A TRIPPLE!

Tendency: Temporary Downtrend ( Bearish )
Structure: Channel | Supply & Demand | Tripple Top
Observation: i. From correction move culminating @ 50 retracement of Impulse, we have noticed that price has created three peaks at nearly the same price level @ 118.000 (psychological level).
ii. Swing lows from this peak incite a Descending Channel.
iii. Break below pullback Lows @ 106.000 completes Tripple Top pattern inciting downtrend rally.
iv. Price slicing through our Moving Averages.
Trading plan: SELL opportunity with a minimum potential profit of 530 pips.
Risk/Reward: 1/3
Potential Duration: 7 to 14 days

Watch this space or Telegram channel for updates as price action is been monitored.


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