I see the pair extremely oversold. MACD and Stochastic already changed the bias. Anyway, I will wait for a break down level confirmation before going short.
Remember to do your homework and take your own decisions. THIS IS NOT AN INVESTMENT ADVICE.
Comment
⋅
Correction: EXTREMELY OVERBOUGHT
Comment
⋅
Title Correction: USDCHF: Overbought. Wait Break Down Confirmation for Shorts
Comment
⋅
Stop Loss at 1,005
Comment
⋅
Unable to break the uptrend line. That is because I prefer to go short after a break down confirmation. With new data break down level may move up.