Lingrid | USDCHF potential BEARISH Breakout of Upward Channel
The price perfectly fulfills my previous idea. 
USDCHF price has declined from the resistance zone. On the 4H timeframe, the market trend appears to be sideways. The price action is moving within an ascending channel, and I anticipate that the price will break below this channel and move to lower levels, especially given the formation of a double top and the apparent rejection of bullish momentum. On the daily timeframe, the price is oscillating between 0.91600 and 0.8400 levels. My expectation is that the market will retest the previous month's low. My goal is to support 0.89850
USDCHF price has declined from the resistance zone. On the 4H timeframe, the market trend appears to be sideways. The price action is moving within an ascending channel, and I anticipate that the price will break below this channel and move to lower levels, especially given the formation of a double top and the apparent rejection of bullish momentum. On the daily timeframe, the price is oscillating between 0.91600 and 0.8400 levels. My expectation is that the market will retest the previous month's low. My goal is to support 0.89850Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Related publications
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.