jeanluc.lazet
Short

USDCHF - Divergence and broken support

FX:USDCHF   U.S. Dollar/Swiss Franc
Price has been bouncing off the 0.9880 area for the last couple of weeks now. Finally, it has broken through. Also present is some divergence which can be seen using the MACD indicator and also the "rounding" of price.

I have entered at the 0.9888 and am looking for a nice move downwards. My stop loss is just above the previous S/R area. If price pushes above that area it is likely to keep going higher.

Reasons for short:

- Divergence
- Support and resistance
- Trend Line break
- Previous strong bearish move
Trade active: Entry @ 0.9888
SL @ 0.9905
TP @ 0.9800
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out