Positive divergence on descending wedge

FX:USDCHF   U.S. Dollar / Swiss Franc
149 4 6
Also note how the RSI and Stoch haven't been able to enter into their extreme bearish zone.
AshleyWeyers AshleyWeyers
Think there is more downside. Has broken multiple supports in a downward trend. Has come off a .618 retracement from the previous swing high on the daily chart.

Target is more likely .8700 which is the 127 extension from previous swing high and a psychological support level.
AshleyWeyers AshleyWeyers
RSI also below 50
Well, I believe there's still potential to the down side...
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