"Top and Bottom Analysis" CAD/CHF by ThinkingAntsOk
4H CHART EXPLANATION:
Price has broke an Ascending Trendline after bouncing at the Resistance Zone. After the breakout, it formed two bearish corrective structures, and provided us with two clear short trades.
It is now bouncing at the Support Level, so we will wait to the downside movement to continue to take another position. The next target level is the support zone at 0.72200.
Updates coming soon!
MULTITIMEFRAME VISION:
Daily:
Weekly:
Price has broke an Ascending Trendline after bouncing at the Resistance Zone. After the breakout, it formed two bearish corrective structures, and provided us with two clear short trades.
It is now bouncing at the Support Level, so we will wait to the downside movement to continue to take another position. The next target level is the support zone at 0.72200.
Updates coming soon!
MULTITIMEFRAME VISION:
Daily:
Weekly: