Bearish Reversal likely in USDCHF
USDCHF is presently in uptrend, printing HHs and HLs. However, a bearish divergence has been observed on RSI on 1H timeframe alongwith an Ascending Wedge (Bearish) Reversal pattern. Entry has been place on downward break of wedge and previous HL. SL and TP has been suitably placed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.