USDCHF analysis, could go either way
Want to keep an eye on this one and see how it develops. Can't see a trade just yet at this moment.
One bearish observation is that the most recent move down was a lower low with a breakdown out of the existing triangle structure - now, price is performing a pullback to test for supply before continuing down.
4H Chart
A closer zoom in, notice the rejected pullback completed and is attempting to find demand on channel support.
One bearish observation is that the most recent move down was a lower low with a breakdown out of the existing triangle structure - now, price is performing a pullback to test for supply before continuing down.
4H Chart
A closer zoom in, notice the rejected pullback completed and is attempting to find demand on channel support.