GBP/CHF - several signs for a good trade!

An interesting pattern seems to be forming for the GBP/CHF cross (daily).

As we can see from the chart, there are some signs that might substantiate a bearish theory.

a) RSI has been in an overbought territory for several days
b) MACD looks like it is going to cross over
c) The Kimura Trading ‘Sniper Pattern’ showing a bearish Spinning TOP formation which might indicate a change in trend.
d) The 200 moving average has served as a strong resistance level since May 2018

Based on all the above, I think this might be a good change to go short the pair.

What are your views on this?

 

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