$USD/CHF$ - market in correction movement - wait for short enty

Market price is in up correction movement after the breakdown from up trend line as drawn in the chart.

Now the market is looking for first stronger resistance which I expect to entering the market at the drawn red sell area which is take profit area for traders who entered the market long to trade this correction movement.

-RSI baselines broke out of down trend line and need to close this candle above trend line for further up movement
-MACD baselines are near 0 line which is resistance and the volume seems to slow down again which implements incoming sellers
-Keltner channels seems to still move up wards which implements further up movement

sell entry at several resistances as 50 and 200 day moving average, the pointed middle term down trend line and the Fibonacci golden ratio (0,5) retracement area.

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Transaction en cours

Trade fermée: ordre d’arrêt atteint