Price has started a bearish move with making a lower low and lower high.
As you see in the 4H time frame, price was rejected from the red resistance zone and failed to break the last high and was pushed to the downside.
Currently, price is bouncing on the ascending trend line as a retrace move:
If price breaks the trend line and closes a bearish candle below this level, I expect a drop on USDCHF around 0.93 and 0.9268
As you see in the 4H time frame, price was rejected from the red resistance zone and failed to break the last high and was pushed to the downside.
Currently, price is bouncing on the ascending trend line as a retrace move:
If price breaks the trend line and closes a bearish candle below this level, I expect a drop on USDCHF around 0.93 and 0.9268
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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.