POTENTIAL SHORT TRADE SET UP FOR GBPCHF

Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.

Entry: The price approached the previous HTF swing high zone with an ascending structure on the mid time frame (MTF), forming a double top pattern at the peak of the swing high area. Subsequently, the price broke below the lower time frame ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern.

Expectation: A downward move is anticipated, targeting the base of the mid time frame (MTF) ascending structure.

⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!