USDCHF - A Potential Selling Opportunity
- USDCHF is currently making LH and LL showing classic down trend.
- Last impulse move went down from 0.90711 to 0.89980, a down move of about 0.81%.
- Since makeing last LL, price has made to 0.5 - 0.618 fibonacci retracement zone.
- No bullish divergence has been identified.
- Trendline has almost captured price.
- Bearish confluence is observed.
- Last impulse move went down from 0.90711 to 0.89980, a down move of about 0.81%.
- Since makeing last LL, price has made to 0.5 - 0.618 fibonacci retracement zone.
- No bullish divergence has been identified.
- Trendline has almost captured price.
- Bearish confluence is observed.
Trade closed: stop reached