CAD/CHF Bearish Movement Confirmed
4H CHART EXPLANATION:
As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
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