There are multiple indications that the price of GBPCHF might drop:
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
- jeddingen divergence (momentum vs price)
- RSI was overbought and is now falling again
- MACD crossed the signal line
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
Trade active:
Trendline was crossed down on the 1H chart.
I entered the trade
I entered the trade
Trade active:
Currently going to the wrong direction, but a second bearish jeddingen divergence showed up on the 4H chart and RSI seems to decrease, so I'll stay in the trade.
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