USDCHF has opened this week with a 4H bearish pin bar at the 38.2% Fibonacci retracement of the previous bearish impulse leg.
There is structural confluence around this area (a bit easier to see on the 1H chart) as well to support the hypothesis that the pair could retest its recent low of 1.00868 if not surpass it creating a new structure low.
There is structural confluence around this area (a bit easier to see on the 1H chart) as well to support the hypothesis that the pair could retest its recent low of 1.00868 if not surpass it creating a new structure low.
