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MACD Divergence In 1Hour Chart For GBPJPY 04/03/2019

macd divergence on usdchf 4-3

As we can see on the 1-hour chart, the USDCHF has a nice rally, it seems that this bullish momentum start to lose power, the divergence on the MACD indicator Indicates for the upcoming bearish momentum, however, I’ll still prefer to wait and see if the price will breakout the support below, if that happens, I’ll look For price action setup for sell position and my target will be 144.00 zones.

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