justatrader
Short

USDCHF - Possible decline to 0.93533 on the horizon

FX:USDCHF   U.S. Dollar/Swiss Franc
133 0 3
The 0.93533 marks the divergence from the daily charts . Switching to H1 charts, we see price currently at past support level + falling trend line .

There is no candlestick confirmation as of yet, but a bearish reversal candlestick in subsequent candles can signal a move to the downside.

On H4 charts, price is still bullish and any short positions initiated based off H1 charts should look to H4 bearish candlestick for a confirmation to the downside.

No signal as of yet, but worth keeping an eye out on for the next couple of hours.
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