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daily_chart_rsi_divergence

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amanpaulbhogal amanpaulbhogal USDCHF, 60, Short ,
USDCHF: Daily pullback on USD/CHF
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USDCHF, 60 Short
Daily pullback on USD/CHF

The salient characteristics for entering into a short position on USD/CHF on the 60 minute chart have to do with a pullback in play on the daily timeframe. Price action, on the daily chart, has hit resistance at ~0.9210 and is overextended above the key moving averages. RSI shows bearish divergence. Additionally, price has touched the Fibonacci extension level of ...

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