USDCHF Sell Idea
D1 - Price respecting downtrend line so far. We may expect the price to respect this dynamic resistance again and if it respects, we may expect it to move lower. Hidden bearish divergence has turned into continuing bearish divergence.
H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line.
Note: False breaks of the downtrend line are acceptable. If the price breaks above this downtrend line and holds above it, then this setup is invalidated.
H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line.
Note: False breaks of the downtrend line are acceptable. If the price breaks above this downtrend line and holds above it, then this setup is invalidated.
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