Tipping point on the USDCHF?
The trend structure is shifting. The two wave uptrend formed a top for a few days and price repeatedly pushed into the MA.
The RSI clearly confirms that the trending waves are gone.
Now we need a strong bearish candle to break the MA to confirm the complete shift in momentum. If price keeps rejecting the MA, it's not good to sell.
The downside potential is quite large.
The RSI clearly confirms that the trending waves are gone.
Now we need a strong bearish candle to break the MA to confirm the complete shift in momentum. If price keeps rejecting the MA, it's not good to sell.
The downside potential is quite large.
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
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
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.