ADAMMAC

USDCHF (DAILY) TREND LINE BREAK TOWARDS DOWNWARD MOMENTUM

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF daily candlestick close below ascending trend line,

confirmed by the cross of the ma's at that particular point,

clear divergence shown on the stochastics,

leading to a high probability of a continued downward spiral towards targets 1 + 2.

Price action on smaller timeframes to confirm my position to the downside.

High risk/reward at 1:4
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.