USDCHF- potential downtrend movement
**Daily**: been in a downtrend for some time. Recent price action went to test the previous support, which now turned resistance. MACD is also showing sign of bearish momentum is being added. I am expecting a potential sell.
**4H**:
- From 2021 onwards, it is in a minor uptrend.
- The market also in respect to the trend line.
- Current price action went to retest the previous daily key area (blue zone).
-MACD shows not much bearish momentum is in the current market condition.
**What to do now? When to sell?**
- I am expecting a potential sell.
- However,the market is currently still in respect to the trendline in the 4h.
- Wait for the breakout and sell for good RR.
Happy lunar new year for traders out there who are celebrating for this chinese new year. Wish you have good fortune and prosperity throughout the entire year!
**4H**:
- From 2021 onwards, it is in a minor uptrend.
- The market also in respect to the trend line.
- Current price action went to retest the previous daily key area (blue zone).
-MACD shows not much bearish momentum is in the current market condition.
**What to do now? When to sell?**
- I am expecting a potential sell.
- However,the market is currently still in respect to the trendline in the 4h.
- Wait for the breakout and sell for good RR.
Happy lunar new year for traders out there who are celebrating for this chinese new year. Wish you have good fortune and prosperity throughout the entire year!
Order avbruten