There are multiple indications that the price of GBPCHF might drop:
Profit target: weekly pivot at 1.2576
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
- jeddingen divergence (momentum vs price)
- RSI was overbought and is now falling again
- MACD crossed the signal line
Profit target: weekly pivot at 1.2576
To be safe, I will set an alert when price is crossing down the trendline and then enter the trade.
Trade active
Trendline was crossed down on the 1H chart.I entered the trade
Trade active
Currently going to the wrong direction, but a second bearish jeddingen divergence showed up on the 4H chart and RSI seems to decrease, so I'll stay in the trade.
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⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
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.