USDCHF Potential For Bearish Drop

2022年8月30日

On H4, with the price moving below the long term descending trendline, MA, the price and MACD are showing a bearish divergence, we have a bearish bias that the price may drop to our sell entry at 0.96556, where the overlap support is to the take profit at 0.95759, where the swing lows and 38.2% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 0.97373, which is in line with the overlap resistance.

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