AUDCHF Bearish Divergence, Trend Resistance, Inter-trend Support

FX:AUDCHF   Australian Dollar / Swiss Franc
127 2 10
AUDCHF             has formed bearish divergence on the 4H RSI near it's descending trend resistance (yellow line).

I'm looking for a trend support break below September 22nd's daily low to enter a short position.

My TP will be at 0.71705 as shown with SL just above the local high and a bit more than 2x the current 4H ATR.

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Trade active
Very nice setup. I really like to follow you because you clearly specify your entries, stoploss, and takeprofits on top of very clear reasons for taking the trade. Learning a lot just by looking at your charts. Thank you very much for sharing your ideas with us!!
+1 Reply
Thanks! I appreciate the kind words and support of the community.
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