USDCHF Daily This is why we should wait

The price move in these situations is not convincing for a downmove , even if CCI crosses an uptrendline, until CCI gets below +100. This was described on previous chart. I pushed the short entry because I was sleepy, and stopped out. Actually I'm happy that happened, to show you why I need to wait for CCI to get inside +100 before I short.

I'll be ready to short again should CCI cross below 100 soon But no need to post it because you now now what to look for.
Beyond Technical AnalysisCommodity Channel Index (CCI)Technical Indicatorstlb

Penafian