USDCHF Sell Idea
D1 - Double cycle completed. Hidden bullish divergence.
H4 - No hidden bullish divergence, critical level formed with downtrend line and 100 fibo level.
We already have a first leg up so we may now expect the second leg to reach this critical level with bearish divergence forming between two legs.
We can go long with the breakout of the most recent downtrend line.
Exit pan: Once you get bullish pressure on the H4 chart this is a warning sign to cash out.
If the price breaks above the H4 downtrend line then this setup is invalidated.
H4 - No hidden bullish divergence, critical level formed with downtrend line and 100 fibo level.
We already have a first leg up so we may now expect the second leg to reach this critical level with bearish divergence forming between two legs.
We can go long with the breakout of the most recent downtrend line.
Exit pan: Once you get bullish pressure on the H4 chart this is a warning sign to cash out.
If the price breaks above the H4 downtrend line then this setup is invalidated.
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