GBP/CHF - 4 HR Chart - There are four different technical aspects on this chart.
First is the double top, where price has formed a 'V' type pattern.
A psychological level which price often respects.
Thirdly, a break of an ascending channel which indicates sellers entering the market.
Finally, we can see a key level in the market which is acting as support (meaning price has fallen but hasn't been able to break our middle blue highlighted level).
Keep your analysis nice and simple - and focus on these four aspects!
Happy Trading!
First is the double top, where price has formed a 'V' type pattern.
A psychological level which price often respects.
Thirdly, a break of an ascending channel which indicates sellers entering the market.
Finally, we can see a key level in the market which is acting as support (meaning price has fallen but hasn't been able to break our middle blue highlighted level).
Keep your analysis nice and simple - and focus on these four aspects!
Happy Trading!