USDCHF has recently made a bearish correction on the HTF after a very strong rally due to the $DXY strength, during the correction price formed a harmonic formation from a 1D perspective, generally speaking the market likes to complete this pattern at the neckline giving us an intraday upside target.
On the LTF we can identify we have a strong demand zone below the current lows we are looking for a sweep below the LTF lows to grab the liquidity and trap bears before we can monitor price action on the LTF for a potential entry confirmation to long
On the LTF we can identify we have a strong demand zone below the current lows we are looking for a sweep below the LTF lows to grab the liquidity and trap bears before we can monitor price action on the LTF for a potential entry confirmation to long