In the above Techincal Analysis of USDCHF, we can notice that the pair is following the Downtrend and price is laying around Trendline and It could be a 4th Touch with Bounce and then pair can follow it’s momentum and make Bearish another Extension Leg ( around 0.96500).

In the Other scenario if the price is going to break above Trend-line then it’s going to retest the weekly trend-line 1.00500 and From that point, we could have another Shorting opportunity, Keep an eye on price and look out for confirmation on Smaller time-frame and take the advantage of pips.

if you find this analysis useful then comment below and let us know 😉 Check out other Technical analysis too on our Page https://quickpipsfx.com/technical-blog/and Join Our FREE TELEGRAM Channel for Updates http://www.t.me/quickpipsfx

Leave a Reply

Your email address will not be published. Required fields are marked *