Hi Everyone
I missed the rally in the Euro Chf last week. There was a great trade on Friday last but my focus was elsewhere and I missed it.
The H4 ,Euro Chf, is looking overbought and is showing reverse divergence. The latter suggests that the down trend is about to start again. If we look at the H1 it is clear that the pair has made "3 drives to a possible top". The H1 has made a 2 bar outside reversal and I shall be looking for a reason, from Monday mornings price action, to get short of this pair. Remember its a holiday in the US and many traders on both sides of the Atlantic may have taken a long weekend.
David
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