The USDCHF maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
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.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
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: 0.77216
✔️ First target: 0.77713
✔️ Second target: 0.78139
❌ Stop order: 0.76907
USDCHF H4: Divergence signal is received from the Stochastic
Leave a Reply