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ThinkingAntsOk

SHORT TRADE ON USD/CHF 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 short trade dollar
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trendanalysis supportandresistance mtfa usd chf usdchf short trade dollar
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:

snapshot

-Weekly:

snapshot


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