Before trading a currency pair, we want to head to at least the to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows.
Here is a clear long term downtrend on UCHF. We can see price is making lower highs and lower lows. This indicates a downtrend.
It is important to zoom out and see highs and lows of markets long term. We've done that here with USD/CHF and we can see that price is now at 6 year lows! Will sellers keep pushing price down further or is this a level where buyers will jump into the market?
Top Tip - You can always switch to a line chart. This makes identifying the trend easier for forex beginners!