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germanbel

USDCHF: Oversold. Wait Break Down Confirmation for Shorts

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
germanbel Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Technical Indicators Wave Analysis
7
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I share my forecast.

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.
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