GBPCHF Double Top

Good Evening Dynamic Traders,

Hope you are all having a great week - trains, planes and automobiles all finally returning slowly back to normal in London after a dusting of the white stuff. I would like to say a big thank you to Reath Witherspoon and Super Coolio, very amazing, generous & humourous souls.

I have analysed the GBPCHF chart for this evening's analysis. The long term trend has been down since July 2007. The daily chart shows a retrace to the Fib breather level and from the snapshot below you can see that the price has tested the same level several times previously with little success.

The 240 chart shows a potential triple top formation. Price may continue upwards to test the previous level as it has not yet quite tagged it or it may decide to head south directly. I will look to go short when the correct entry signals are available to me. Await your confluence of events and enter with the relevant filters.

Chart courtesy of Advanced Get

I am unsure if I will get the opportunity to update again tomorrow night, if I don't have an outstanding weekend.

Good trading!
Bijal Shah