USD/CHF: multi-timeframe observation. Where are we headed next?
Looking at the Daily timeframe chart illustrated on the left-hand side of the screen, we may notice that the price has printed a massive DAILY rejection wick and failed to break above the crucial area of previous support that now acts as resistance.
Zooming into the H4 TF graphic, it can be inferred that some sort of a descending channel has been formed and the price is currently located at the upper barrier of it. From here, we might head down and reach the recent Lows as plotted on the graphic.
Executions should be made upon more confirmations and further price development.
Zooming into the H4 TF graphic, it can be inferred that some sort of a descending channel has been formed and the price is currently located at the upper barrier of it. From here, we might head down and reach the recent Lows as plotted on the graphic.
Executions should be made upon more confirmations and further price development.