Let’s review the indications of the MACD. Despite the fact that USDCHF maintains a downward trend, the MACD indicator has changed direction to an upward one. The reversal pattern is marked with a green line.
A reversal signal has been received on the Stochastic indicator. When several technical indicators form a divergence at once, the probability of a reversal formation developing increases.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
It is recommended to prioritize long positions on USDCHF in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 0.80396
✔️ First target: 0.80476
✔️ Second target: 0.80574
❌ Stop order: 0.80323
USDCHF M15: MACD amplifies the previously received reversal signal from Stochastic
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