Hi Traders!
The market is in an shortterm Uptrend.
In the H4-Timeframe the price is in a downtrend.
As you can see, we here have some reasons on why to sell the market USDCHF:
Thanks and successful Trading :)!
The market is in an shortterm Uptrend.
In the H4-Timeframe the price is in a downtrend.
As you can see, we here have some reasons on why to sell the market USDCHF:
- Reversal Zone
The first reason is the reaching of the Reversal Zone (orange Box).
This area is a barrier for the market, because there are lots of Resistance Levels in it.
- Bearish Stochastic Divergence
The second reason is the bearish Divergence.
As you can see the Stochastice is making lower highs while the price is making higher lows.
- Higher Timeframe Trend
As mentioned before, the "big" Trend we're looking for we can find in the H4-Timeframe.
There it is in a Downtrend.
- Higher Timeframe Structure
If you go to the H4-Timeframe, you can also see a Trendline which is acting as a Resistance.
This role could push the price lower.
- Entry Trigger
In the chart you can see a Trendline.
If the market breaks and closes below this trendline, we are looking to sell.
Thanks and successful Trading :)!
Comment:
The special RED BOX for you, no where else than in this comment!