USDCHF - Analysis, potential 'Sell' order
Technical - Daily chart
The chart is in a downtrend and wave patterns, ABCD are formed, with LHs and LLs. Ideally, once a candle is formed outside the support line (dark green line), we aim to place a short order.
TP, the next support level, and SL can be adjusted to the last High.
Caution: RSI is approaching the oversold zone, indicating a possible bullish divergence soon.
The chart is in a downtrend and wave patterns, ABCD are formed, with LHs and LLs. Ideally, once a candle is formed outside the support line (dark green line), we aim to place a short order.
TP, the next support level, and SL can be adjusted to the last High.
Caution: RSI is approaching the oversold zone, indicating a possible bullish divergence soon.
Trade closed: target reached:
A profit of 52 pips was taken today.