USDCHF - Some Reasons for Why to sell the Market?

Hi Traders!

The market is in an shortterm Uptrend.
In the H4-Timeframe the price is in a downtrend.

As you can see, we here have some reasons on why to sell the market USDCHF:

• Reversal Zone
  The first reason is the reaching of the Reversal Zone (orange Box).
  This area is a barrier for the market, because there are lots of Resistance Levels in it.
  
  
• Bearish Stochastic Divergence
  The second reason is the bearish Divergence.
  As you can see the Stochastice is making lower highs while the price is making higher lows.
  
  
• Higher Timeframe Trend
  As mentioned before, the "big" Trend we're looking for we can find in the H4-Timeframe.
  There it is in a Downtrend.
  
  
• Higher Timeframe Structure
  If you go to the H4-Timeframe, you can also see a Trendline which is acting as a Resistance.
  This role could push the price lower.
  
  
• Entry Trigger
  In the chart you can see a Trendline.
  If the market breaks and closes below this trendline, we are looking to sell.
  
  

We recommend to wait for a Confirmation!


Thanks and successful Trading :)!

Komen:

The special RED BOX for you, no where else than in this comment!