Three times peak above CHF average show time for reversal

So CHF is in a range for the past 3 years, but current fear in the world has boosted its valuation. A historical look show that every peak above the channel top with RSI above 70 on the daily chart has been in anticipation of a turn down. We're gonna bet on history repeating itself.

- Peak over strong channel top
- RSI and Stoch overbought (which has been a good indicator in the past)

Yorum:

Okay, so slowdown - waiting for confirmation