Main items we can see on the chart:

a) The price is below a descending trendline

b) Currently, the price broke with a bullish movement a descending structure

c) We can see a corrective pattern making a throwback on the descending structure

d) If the price breaks above the green arrow we will consider a confirmation for the bullish movement towards the descending trendline

e) If the price breaks below the red arrow, we will consider a confirmation for the bearish movement towards the next support zone
CADCADCHFchfForexMultiple Time Frame AnalysisSupport and ResistanceTrend Analysis

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