USDCHF - Analysis, potential 'Sell' order
Updated
Technical - Daily chart
The chart is in a downtrend and wave patterns, ABCD are formed, with LHs and LLs. Ideally, once a candle is formed outside the support line (dark green line), we aim to place a short order.
TP, the next support level, and SL can be adjusted to the last High.
Caution: RSI is approaching the oversold zone, indicating a possible bullish divergence soon.
The chart is in a downtrend and wave patterns, ABCD are formed, with LHs and LLs. Ideally, once a candle is formed outside the support line (dark green line), we aim to place a short order.
TP, the next support level, and SL can be adjusted to the last High.
Caution: RSI is approaching the oversold zone, indicating a possible bullish divergence soon.
Trade closed: target reached
A profit of 52 pips was taken today.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.