USDCHF Continuation of the down Trend
USDCHF on the weekly time fame formed a bearish pin bar and at the same time an outside bar candlestick combination amidst a down trend. as well as the bearish pin bar testing the 200 period moving average it also acting like a resistance. on top of that its at a level of the previous lower low hence a level of value. not forgetting that the pair is in a range on the monthly time frame finding its way down to the support level of the range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.