FullTimeTrader
Short

USDCHF-H1-Triple divergence and ending diagonal

FX:USDCHF   U.S. Dollar / Swiss Franc
1078 3 24
After a strong rally this pair is overbought and needs a correction.
We can see it clearly on H1 chart, we have triple divergence on AO and an ending diagonal near its completion.
SL above a strong S/R visible on D1 chart.
If we have bad FOMC news tomorrow this pair could fall like a stone.
Best regards.
sir can u update ur chart because it goes very high
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I took this trade yesterday by the double divergence of the Awesome. But we must be cautious with the FOMC, could be good news as well, although highly unlikely.
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FullTimeTrader Koryphaeen
Hello, thanks for comment. I agree news could be completely unexpected. Just in case i will keep SL tight as shown on chart. I hope the price movement will be not too strong and my broker will respect it. Regards.
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