USD/CHF 1h Convergences and Retests

U.S. DOLLAR / SWISS FRANCICE

Description

⋅ May 3, 2016 7:22 PM

Convergence of the Delta Trend, and continuation of the downtrend seems strong. However, Bollinger Bands are outside the Keltner channel in a bullish manner. Waiting to take a short entry near the .95752 zone (indicated in chart).

shortsetup Keltner Channels (KC)usdchfanalysis golden

Comments

TheHarveySpecter

⋅ May 3, 2016 7:24 PM

Also, recent Delta trend and Bollinger Squeeze may simply reflect the recent price action on the short term trend. Very good entry position.