In my previous post about USDCHF (see link below) i described the potential breakout above the trend that would give us a great buy setup. The breakout has happened and we should now wait for a correction before going long. But before that we have a very nice potential sell setup. Price is in a consolidation and most likely will break below the small wedge pattern is moving in. MACD divergence is showing that this up move is losing steam.
This is a short term trade setup but worths risk a very small % of our accounts.