USDCHF, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
-Price is testing a strong zone of monthly demand so we could expect a rejection.
-Monthly fib completion. (-27)
Weekly:
-The last 3 weeks price failed to go lower and it is finding support.
-We can expect a retest of the last broken structure.
Daily:
-Price formed a bullish pattern at the daily lows.
-Bullish engulfing candle.
-Waiting for the retest of the daily zone before going long.
4H:
-Strong impulse that invalidated the bearish structure.
-Waiting for the inverse H&S pattern.
-Monthly fib completion. (-27)
Weekly:
-We can expect a retest of the last broken structure.
Daily:
-Bullish engulfing candle.
-Waiting for the retest of the daily zone before going long.
4H:
-Waiting for the inverse H&S pattern.