Technical entry signal short on 07/25 @0.99068. Entry trigger @0.98768. Price is currently sitting on support around the 0.98750 level, but has penetrated the bottom of the triangle.
Criteria: I entered this trade early, probably too early, today @0.98723. I would like to see price action close below 0.98765 and the 9 period EMA below both the 14 and 40....
USDCHF is showing a nice selling opportunity on the dialy time frame. It has broken a support and is now heading towards the lower range. Chances of this lower range to break are high because Stoch shows a fresh bearish cross over and on the ADX indicator you see the red line (bearish trend) is about the take over the green line! So this has a chance to be a great...