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ThinkingAntsOk
Aug 12, 2019 3:31 PM

SHORT TRADE ON USD/CHF EXPLAINED by ThinkingAntsOk Short

U.S. Dollar/Swiss FrancFXCM

Description

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:



-Weekly:




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