Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
USD/CHF: a bearish flag
2019-11-11 • Updated
SELL at 0.9940; TP1 0.9885; TP2 0.9830; SL 0.9960
USD/CHF formed a bearish “flag”. It’s trading below the 50-day MA at 0.9937. MACD entered the negative area. The next downside target is at 0.9885 (100-day MA) ahead of 0.9825 (200-day MA).
On H4, the moving averages are aligned in the negative order. The daily pivot point lies ar 0.9955: bears will prevail until USD/CHF is below this point.
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