Hello traders have a potential trade setup on usdchf
. Last trade went well fr this pair, was able to reach one of my targets before the price reversed only to hit my stop before climbing further up towards my second target. However now we have a short setup with price forming a bearish
reversal candle right at 99.2 before closing on friday where we can also find a trendline
and a resistance level
. Also we can see the divergence on the rsi
since the price action made a lower high where as the RSI
made a higher high. Targeting the 97.8 level as a first target with break of trendline
above as the stoploss.