Hello and welcome to my Trade Idea of the currency pair USD/CHF.
Lets start with the Top Down Analysis.
Monthly: The currency pair has started a bearish trend a few months ago.
Weekly: The price condolidates in the monthly support area. We must see if the price brokes now under the support or later after the touch from the long term trendline.
Daily: The daily timeframe is bearish.
H4: On the h4 timeframe we draw the strong bearish trendline. The price reacts beautifully to it.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The currency pair has started a bearish trend a few months ago.
Weekly: The price condolidates in the monthly support area. We must see if the price brokes now under the support or later after the touch from the long term trendline.
Daily: The daily timeframe is bearish.
H4: On the h4 timeframe we draw the strong bearish trendline. The price reacts beautifully to it.
Have a nice day.