USDCHF smells like a reversal for days but it seems that we are now reaching the tipping point.
We have it all: momentum divergence at a double top, break of the MA with increasing sell-side momentum and a shift on the DXY as well.
The hurdle right now is the trendline but a break (and retest) of the trendline could open the floodgates for more selling. The downside potential is huge on this one.
We have it all: momentum divergence at a double top, break of the MA with increasing sell-side momentum and a shift on the DXY as well.
The hurdle right now is the trendline but a break (and retest) of the trendline could open the floodgates for more selling. The downside potential is huge on this one.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Free blog: www.tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
