USDCHF - Some Reasons for Why to sell the Market?

Hi Traders!

The market is in an shortterm Uptrend.
In the H4-Timeframe the price is in a downtrend.

As you can see, we here have some reasons on why to sell the market USDCHF:

Reversal Zone
The first reason is the reaching of the Reversal Zone (orange Box).
This area is a barrier for the market, because there are lots of Resistance Levels in it.
Bearish Stochastic Divergence
The second reason is the bearish Divergence.
As you can see the Stochastice is making lower highs while the price is making higher lows.
Higher Timeframe Trend
As mentioned before, the "big" Trend we're looking for we can find in the H4-Timeframe.
There it is in a Downtrend.
Higher Timeframe Structure
If you go to the H4-Timeframe, you can also see a Trendline which is acting as a Resistance.
This role could push the price lower.
Entry Trigger
In the chart you can see a Trendline.
If the market breaks and closes below this trendline, we are looking to sell.

We recommend to wait for a Confirmation!

Thanks and successful Trading :)!

Note

The special RED BOX for you, no where else than in this comment!

swissmoneymakers

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swissmoneymakers

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