To me it looks like USD/CHF is at the top of a new channel, it has also failed at the .382 Fib retracement multiple times. And lastly it also looks to be bouncing off of the 200 MA I am very new to trading please don't make any trades on what I point out. This is not advice for you to make a trade! I post these to hopefully get a little input from more...
USDCAD is at the top of the trend channel on the 4H It also just double topped on the 30M RSI and Stoch are over bought on the 4H and 1H I have a stop loss in at 1.34 and a take profit in at 1.294 I am new at this, just my two cents, do not make trades on what I say... LOL Let me know what you think!! Thanks!
Came Across this earlier, Hopefully it pans out...
Reasons: Price close to Strong Horizontal Support Price close to a Trend line from March Stochastic and RSI Overbought *Do not make a trade based solely on my chart I am very new!
With a Descending Broadening Wedge I think there is something like a 60% chance of breaking out of the trend to the Long side. I am hoping for at least one more short, what's your take? I am really new at all this, please let me know what you guys think. Thanks!
Just Learning, any ideas would be much appreciated. Thanks,