USDCHF - Opening counter trend short

FX:USDCHF   U.S. Dollar/Swiss Franc
70 1 0
My previous analyses you can find on the link below. You can also check my idea on a possible EURUSD             correction through the other link.

Things haven't changed much, the divergences still persist, the probability of a correction is increasing.

We set up the short tentry on 4 Hrs time frame:
Chikou Span lost open space, hit into Price candles. ADX down, so the bullish trend is completely out of steam, and now DMI             seems to have a chance for a bearish cross. The Key Level is 0,9370. We have Kijun Sen, 100 WMA, and a very thin Kumo here. We have multiple signals here so this is our entry point for one trade unit short, with an intital stop at 0,9420.

In case price breaks the Kumo and the trendline too the possible corrective tgt             is ard 0,9200 - 0,9220.
This setup provides a 1:3 risk-reward ratio.
Kumowizard PRO
2 years ago
This trade idea was not triggered, thx for the bulls finally we did not enter short as Price did not close below the key level.
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