Bearish pressure continue after huge impulse to the upside?

15 nov 2020

Hey traders! Hope you are doing well and have a good weekend! Let's look on out first currency pair USDCHF. The overall trend on HTF is clear to the downside. I can see a range between 1.9200 - 1.9035 (160 pips). Also we got H&S pattern on lower timeframe which gave me more confirmation about trend reversal. On 4H timeframe you can notice a lot of wicks rejection from our key level. So my main target will be to the downside to 1. 9035. Will be looking for long positions ONLY if we will break 1.9200