SHORT trade analysis on EURCHF.
Graph is looking bearish from upper resistance area if price breaks lower trendline. Price is overall in strong downtrend so i was looking for new short entries. On 4h chart price made Hidden Bearish Divergence which indicates bearish continuation. Sell was already signalized by Bearish Engulfing Candle. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bearish from upper resistance area if price breaks lower trendline. Price is overall in strong downtrend so i was looking for new short entries. On 4h chart price made Hidden Bearish Divergence which indicates bearish continuation. Sell was already signalized by Bearish Engulfing Candle. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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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.