we are currently in a bearish trend
we hit a support and there is a slight retracement
do the bears have enough strength to break through it?
we are hitting the lower line of the channel
maybe not in the mean time but eventually
USDCHF HAS JUST BOUNCED OFF ITS BULLISH CHANNEL SUPPORT AFTER A BRIEF FAKE OUT (on lower time frames😈😈)
The only direction we should be expecting is up
Wether a break out or while trading in the channel 😊😊🌞
The currency pair ended the year 2021 In a bearish channel . It's currently at the resistance of the channel and we would be expecting a bearish market in weeks to come
CONFIRMATIONS
1 it did a double top and it is currently in the bearish move
2 rsi is showing over bought IN A BEARISH MARKET!!