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VladimirRibakov

USDCHF Short Term Forecast

Short
VladimirRibakov  
CURRENCYCOM:USDCHF   None
Trend Analysis Trend Lines Multiple Time Frame Analysis USDCHF SELL Bearish Patterns forecast range bearishtrendpattern Trend Line Break
18
4
trendanalysis trendline mtfa usdchf sell bearish forecast range bearishtrendpattern trendlinebreak
H4 - Price is moving inside a range and is respecting it so far.

Price is maintaining the lower highs and is currently breaking below the low at 0.96642 level.

H1 - We had the first leg in the form of a bearish trend pattern followed by double wave correction and the breakout of the most recent uptrend line.

We may now expect further continuation lower towards the bottom of the H4 range.
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