Tradeciety
Short

Tipping point on the USDCHF?

FX:USDCHF   U.S. Dollar/Swiss Franc
187 0 7
The trend structure is shifting. The two wave uptrend formed a top for a few days and price repeatedly pushed into the MA.

The RSI clearly confirms that the trending waves are gone.

Now we need a strong bearish candle to break the MA to confirm the complete shift in momentum . If price keeps rejecting the MA, it's not good to sell.

The downside potential is quite large.

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