over the cliff?
USDCHF smells like a reversal for days but it seems that we are now reaching the tipping point.
We have it all: momentum divergence at a double top, break of the MA with increasing sell-side momentum and a shift on the DXY as well.
The hurdle right now is the trendline but a break (and retest) of the trendline could open the floodgates for more selling. The downside potential is huge on this one.
We have it all: momentum divergence at a double top, break of the MA with increasing sell-side momentum and a shift on the DXY as well.
The hurdle right now is the trendline but a break (and retest) of the trendline could open the floodgates for more selling. The downside potential is huge on this one.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Related publications
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Related publications
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.