During our daily interaction class today, we observed that the 📉USDCHF pair is consolidating within a horizontal range on a 4-hour time frame.
After testing its resistance, there was a downward movement in the market which led to the breach of the neckline of a double top pattern, indicating a strong bearish signal for intraday trade.
As a result, I anticipate that the price could decline to the 0.8789 level in the near future.
After testing its resistance, there was a downward movement in the market which led to the breach of the neckline of a double top pattern, indicating a strong bearish signal for intraday trade.
As a result, I anticipate that the price could decline to the 0.8789 level in the near future.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.