USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h chart. Evening star candle stick pattern is also suggesting a downside correction for a while.
On 4h Chart MACD is also indicating a sell signal. At the same time RSI is moving down below its 9 period MA.
Trade Idea
- Limit Sell USDCHF at 0.9955
Stop Loss above 0.9990
Target 0.9885-0.9850
USDCHF 4h Chart.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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