Hello and welcome to my Trade Idea of the currency pair USD/CHF.
Let's start with the Top Down Analysis.
Monthly: Since march 2019 there is a downtrend with stagnation from july to november 2019. On december 2019 there was an imense bearish price action with a huge candle that closed under the previous lows.
Weekly: We see on the weekly timeframe a beautiful downtrend.
Daily: Since March 10, the price has skyrocketed, then he corrected himself and now we have an opportunity to jump on the trend.
H4: Here we see a counter trendline and expect a push to the lows.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: Since march 2019 there is a downtrend with stagnation from july to november 2019. On december 2019 there was an imense bearish price action with a huge candle that closed under the previous lows.
Weekly: We see on the weekly timeframe a beautiful downtrend.
Daily: Since March 10, the price has skyrocketed, then he corrected himself and now we have an opportunity to jump on the trend.
H4: Here we see a counter trendline and expect a push to the lows.
Have a nice day.