Get started
mansooryousafzai

EURCHF - Bearish Trend - Short

Short
Euro / Swiss Franc (OANDA:EURCHF)  
mansooryousafzai  
OANDA:EURCHF   Euro / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators EURCHF eurchfshort forexsignals forexsignal trendtrading
0
0
trendanalysis chartpattern indicator eurchf eurchfshort forexsignals forexsignal trendtrading
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.

Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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.