$USD/CHF$ - market in correction movement - wait for short enty
Market price is in up correction movement after the breakdown from up trend line as drawn in the chart.
Now the market is looking for first stronger resistance which I expect to entering the market at the drawn red sell area which is take profit area for traders who entered the market long to trade this correction movement.
-RSI baselines broke out of down trend line and need to close this candle above trend line for further up movement
-MACD baselines are near 0 line which is resistance and the volume seems to slow down again which implements incoming sellers
-Keltner channels seems to still move up wards which implements further up movement
sell entry at several resistances as 50 and 200 day moving average, the pointed middle term down trend line and the Fibonacci golden ratio (0,5) retracement area.
Don´t forget to like and share if you like the idea and feel free to leave a comment with your opinion or idea.
Now the market is looking for first stronger resistance which I expect to entering the market at the drawn red sell area which is take profit area for traders who entered the market long to trade this correction movement.
-RSI baselines broke out of down trend line and need to close this candle above trend line for further up movement
-MACD baselines are near 0 line which is resistance and the volume seems to slow down again which implements incoming sellers
-Keltner channels seems to still move up wards which implements further up movement
sell entry at several resistances as 50 and 200 day moving average, the pointed middle term down trend line and the Fibonacci golden ratio (0,5) retracement area.
Don´t forget to like and share if you like the idea and feel free to leave a comment with your opinion or idea.
Operación activa
Operación cerrada: precio stop alcanzado
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
