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EUR/CHF Massive Volatility Increase - Short Opportunity

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Hey all, here’s another entry on my tradingview series called 'Quick Updates'.

We can see here an overbought RSI together with a price that hit the resistance area. This is a nice confluence of two indications a temporary top has been seen. I expect the price to start a downtrend now and retrace towards the lower support level.

--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

עסקה סגורה: היעד הושג
What a beauty!

תמונת-בזק

Really clean support and resistance trade. Congrats everyone who participated in the trade!

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.