SHORT trade analysis on USDCHF.
Graph is looking bearish from upper trendline of Bearish Flag to lower trendline and then will price breakout Bearish Flag and continue to fall. Since last Higher High price made Regular Bearish Divergence confirming price drop. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from upper trendline of Bearish Flag to lower trendline and then will price breakout Bearish Flag and continue to fall. Since last Higher High price made Regular Bearish Divergence confirming price drop. Bearish Engulfing Candle indicates sell on chart too. 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.