naynay97
Short

USD/CZK shows potential downtrend.

OANDA:USDCZK   USD/CZK
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) :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out