USDCHF - Correction ahead. Pull back tgt 0,8860-0,8900
Daily Slow Stoch gave sell signal again, with negative divergence to price. MACD is also down.
4 Hrs Ichimoku setup is about to give a medium sell signal, with DMI crossing bearish as well.
All in all I think we may have seen interim top ard 0,9000. Short term the correction can send price back down to 0,8900, or if gonna be deeper, then to 0,8865.
We can short it with 1:2 expected risk reward, with initial stop at 0,8990.
Please keep in mind, that the long term, major daily Ichimoku setup is still Bullish until price holds above 0,8830. This trade recommendation is a short term counter trend trade, and I would not allocate more than 0,5 trade unit on it.
4 Hrs Ichimoku setup is about to give a medium sell signal, with DMI crossing bearish as well.
All in all I think we may have seen interim top ard 0,9000. Short term the correction can send price back down to 0,8900, or if gonna be deeper, then to 0,8865.
We can short it with 1:2 expected risk reward, with initial stop at 0,8990.
Please keep in mind, that the long term, major daily Ichimoku setup is still Bullish until price holds above 0,8830. This trade recommendation is a short term counter trend trade, and I would not allocate more than 0,5 trade unit on it.