FX:USDCHF   U.S. Dollar/Swiss Franc
Entered on June 10th. Another Potential Trend Continuation based off of market making a new structure low, hitting resistance at a 38.2 Retracement, and showing Bearish Divergence as well. Take Profit at the 127 Extension which is an area of prior Support/Resistance
Hey man, just may want to double check the "Bearish Divergence" on this one. Doesn't look to be based off of your drawing.
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JaceYoung Akil_Stokes
I was concerned about that once I posted it. My beginning point for it was back on May 30th and my concern was that, that was way to far back!
+1 Reply
It's also not divergence. Divergence is when the Indicator and price chart are showing opposite things. In this case they are both showing lower highs
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JaceYoung Akil_Stokes
Okay I get ya. So, I guess what I have been using quite frequently in my demo trading is just Bearish RSI for short trades or Bullish RSI for long trades. Would you consider that a valid point for my CTS?
+1 Reply
I would not, but if you've tested it and it works go with it
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