We can see a sharp bearish trend in the 4H time frame, with lower lows and lower highs structure.
Currently, price is retracing the downside move and is bouncing on the ascending correction trend line.
If price breaks the trend line to the downside and closes a bearish 4H candle below the line, I expect more drop on USDCHF around green levels which are next support areas ahead.
Currently, price is retracing the downside move and is bouncing on the ascending correction trend line.
If price breaks the trend line to the downside and closes a bearish 4H candle below the line, I expect more drop on USDCHF around green levels which are next support areas ahead.
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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.