CAD/CHF Bearish Movement Confirmed
4H CHART EXPLANATION:
As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.