USDCHF - Price Bounce at multiple Structure Levels - Trendline
Updated
Hi Traders!
The market is in an overall Downtrend.
Let's begin the multiple timeframe analysis with the Weekly Timeframe.
Here is it:
Here you can see the market is in a sidewards market.
It was moving between the main two Levels 1.02 and 0.93.
After that, it broke out of this range.
It retested it sucessfully and so the market is moving in a box underneath this sidewards market.
We here have more pressure to the down side, so we're looking for a Shorttrade.
Moving on to the Daily:
In this timeframe you can see a descending Trendline.
The price is at this moment bouncing against it.
In addition, the price is also bouncing against the Resistance Level at 0.92000.
Finally, we here can define our target area too.
Now let's move on to the H4-Timeframe (Thumbnail):
Beside the Trendline and the Resistance we considered on the daily Timeframe, we can here see a double top Pattern.
The target is more precise now.
There is one open question here: How to enter?
For that, let's analyse the H1-Entry-Timeframe:
After switching to this timeframe, we can clearly see an ascending Trendline.
In trading there is one important thing to consider:
Every Trader can see anything else and interprate it as something else.
This is the reason why there are Buyers and Sellers in the same Market, Timeframe and Time simultaneously!
Because, if everyone would see the same pattern/structure/situatione - why does Buyers/Sellers exist then? And why couldn't be *anyone* a millionaire due trading?
But this game has also another side: *If* a pattern/structure/situation is very *obvious*, that means many Traders would trade them and the effect would be bigger.
Did you understand that so far?
The Entry Trigger is the Break of the Trendline.
The SL is above the Tops and the target at Support.
We recommend to trade the Breakout with a Retest.
Thanks and successful Trading :)!
The market is in an overall Downtrend.
Let's begin the multiple timeframe analysis with the Weekly Timeframe.
Here is it:
Here you can see the market is in a sidewards market.
It was moving between the main two Levels 1.02 and 0.93.
After that, it broke out of this range.
It retested it sucessfully and so the market is moving in a box underneath this sidewards market.
We here have more pressure to the down side, so we're looking for a Shorttrade.
Moving on to the Daily:
In this timeframe you can see a descending Trendline.
The price is at this moment bouncing against it.
In addition, the price is also bouncing against the Resistance Level at 0.92000.
Finally, we here can define our target area too.
Now let's move on to the H4-Timeframe (Thumbnail):
Beside the Trendline and the Resistance we considered on the daily Timeframe, we can here see a double top Pattern.
The target is more precise now.
There is one open question here: How to enter?
For that, let's analyse the H1-Entry-Timeframe:
After switching to this timeframe, we can clearly see an ascending Trendline.
In trading there is one important thing to consider:
Every Trader can see anything else and interprate it as something else.
This is the reason why there are Buyers and Sellers in the same Market, Timeframe and Time simultaneously!
Because, if everyone would see the same pattern/structure/situatione - why does Buyers/Sellers exist then? And why couldn't be *anyone* a millionaire due trading?
But this game has also another side: *If* a pattern/structure/situation is very *obvious*, that means many Traders would trade them and the effect would be bigger.
Did you understand that so far?
The Entry Trigger is the Break of the Trendline.
The SL is above the Tops and the target at Support.
We recommend to trade the Breakout with a Retest.
Thanks and successful Trading :)!
Note
Here is the RED BOX for you all :) 
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