FullTimeTrader
Short

USDCHF-H1-Triple divergence and ending diagonal

FX:USDCHF   U.S. Dollar/Swiss Franc
1076 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.
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.
Reply
FullTimeTrader Koryphaeen
a year ago
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.
Reply
imtiaz.ahmad
a year ago
sir can u update ur chart because it goes very high
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