Tradeciety
Short

Tipping point on the USDCHF?

FX:USDCHF   U.S. Dollar / Swiss Franc
214 0 8
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.
I am trading Forex for 10 years and 5 years ago I quit my corporate job to travel the world


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