SHORT TRADE ON USD/CHF EXPLAINED by ThinkingAntsOk
4H CHART EXPLANATION:
On the 4H timeframe, price melted down after facing the Resistance Zone. The last few days it was moving sideways on the Support Zone, forming a Triangle Pattern that is trying to resolve on the actual candlestick. If it consolidates below, price has potential to reach the Support Zone at 0.95600-0.95800.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
On the 4H timeframe, price melted down after facing the Resistance Zone. The last few days it was moving sideways on the Support Zone, forming a Triangle Pattern that is trying to resolve on the actual candlestick. If it consolidates below, price has potential to reach the Support Zone at 0.95600-0.95800.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: