USD/CZK shows potential downtrend.

Good morning ladies and gentlemen and whoever doesn't fit into two genders anymore.

Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart.

W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis.

If price breaks 1st support line, then I will enter a trade on the 2nd support line.

S/L: 25.08413
Entry (sell): 24.89251
T/P: 23.66749

Hope people find this beneficial and please give me some feedback or anything that will benefit the analysis.

Anyways, take care and trade safely and risk free (Y) :)


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