USD / CHF strongly negative movement, which is in force despite the short-term correction.
Increasingly low peak and deeper bottom.
The positive 2- bars couldn’t pass over the top bar of the strong bearish bar, which indicates that the movement is short.
CCI below -100 strongly negative sentiment, until it is there the 5 period moving average is a dynamic resistance and gives good places for new sell.
Already there is a bar that runs beneath the middle of the previous and even engulfs his whole body - Engulfing Pattern with potential to decrease.
To perform well in the market after these long movements and avoid reaching the bottom, one should wait a few pips if there is a correction to about 0.93325 to minimize the stop to 0.9382.
Sentiment: highly volatile markets and speculation that the Fed will not rush to raise interest rates, leading to a short-term decline of the dollar.
Stephen D. Angelov - Head of Stocks of Trading
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