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USD/CHF Bearish Movement Explained by ThinkingAntsOk

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
ThinkingAntsOk  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD chf USDCHF dollar short BTC
9
0
trendanalysis supportandresistance mtfa usd chf usdchf dollar short btc
4H CHART EXPLANATION:

On this timeframe, we observe that price has bounced at the Top of the Wedge Pattern formed on the upside move and then broke it downwards with a strong bearish candle. In the short term we expect price to reach the Support Zone at 0.9700. In case this zone is broke, then there the next zones are explained on the Daily chart below.


DAILY CHART EXPLANATION:

snapshot





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