Hi Traders!
The market is moving in a symmetrical triangle.
The MACD oscillator shows as bearish divergence.
While the market made a higher High, the MACD shows a lower High.
Considering important key structure, you can see the three Trendlines.
As it is more likely to go down, because of the Divergence and the fact, that the market just
made another "Edge Point" for the upper Trendline.
The market has to pass through the Trendlines anyhow to get to the next major Support level.
What do you thing about USDCHF? Leave a comment!
Thanks and successful Trading :-)!
The market is moving in a symmetrical triangle.
The MACD oscillator shows as bearish divergence.
While the market made a higher High, the MACD shows a lower High.
Considering important key structure, you can see the three Trendlines.
As it is more likely to go down, because of the Divergence and the fact, that the market just
made another "Edge Point" for the upper Trendline.
The market has to pass through the Trendlines anyhow to get to the next major Support level.
What do you thing about USDCHF? Leave a comment!
Thanks and successful Trading :-)!
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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.
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.