AUD/CHF | Bearish divergence trade setup

Wait 5 sec.

AUD/CHF | Bearish divergence trade setupAUD/CHFOANDA:AUDCHFsaimabdI identified the setup on the 1 hour chart, where AUD/CHF had been forming higher highs and higher lows. Price then made a new high while the RSI made a lower high, creating a bearish divergence that suggested the uptrend was losing momentum. I used the 15 minute chart to execute the short trade after price began to turn lower. My marked levels were an entry near 0.58570, a stop loss at 0.58717, and a target at 0.58425. The 1 hour chart gave me the bearish setup; the 15 minute chart gave me the entry.