GBPCHF 4H short
Updated
There are multiple indications that the price of GBPCHF might drop:
Profit target: weekly pivot at 1.2576
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
- jeddingen divergence (momentum vs price)
- RSI was overbought and is now falling again
- MACD crossed the signal line
Profit target: weekly pivot at 1.2576
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
Trade active
Trendline was crossed down on the 1H chart.I entered the trade
Trade active
Currently going to the wrong direction, but a second bearish jeddingen divergence showed up on the 4H chart and RSI seems to decrease, so I'll stay in the trade.
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