LesLeso

USDCHF | Descending Structure within HTF Ascending Structure

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
THE HTF structure is ascending in nature, however within we have a descending like structure it can also be seen like a Continuation correction to keep the momentum to the upside before the HTF reversal play comes into effect. Within the Descending structure we have another descending channel, to enter this play, I'll look for the LTF correction after the breakout of the inner descending channel. This is a good example of Patterns within patterns.

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