Hello Traders! 👋
What are your thoughts on USD/CHF?
On the weekly timeframe, USD/CHF has broken below a major support zone that has acted as a key reversal area multiple times over the past two years. This support zone, has now been clearly breached. Additionally, price has also fallen below the long-term ascending trendline, signaling a potential shift in market structure.
A corrective move (pullback) back toward the broken support zone is expected, after which the pair is likely to resume its downtrend.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on USD/CHF?
On the weekly timeframe, USD/CHF has broken below a major support zone that has acted as a key reversal area multiple times over the past two years. This support zone, has now been clearly breached. Additionally, price has also fallen below the long-term ascending trendline, signaling a potential shift in market structure.
A corrective move (pullback) back toward the broken support zone is expected, after which the pair is likely to resume its downtrend.
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.