Red5FX

Short term short idea

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
We have seen a run on the dollar swiss back into a previous level of support. However the over all trend is still bearish imo. The pullback has created a potential lower high. There is a divergence in that we have a long legged doji candle coupled with high volume (a signal for a reversal) we are also starting to see an evening star candlestick pattern forming as well. We could see move down to the previous swing low
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.