CAD/CHF Bearish Setup by ThinkingAntsOk
4H CHART EXPLANATION:
On the 4H, price has bounced at the Confluence Zone with a strong reversal. We consider it has potential to reach the Bottom of the Ascending Channel. It may correct there, bust just to continue the downside movement. After that, the main short term target is the support zone. Longer term targets are explained on the Daily and Weekly Timeframes below.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
On the 4H, price has bounced at the Confluence Zone with a strong reversal. We consider it has potential to reach the Bottom of the Ascending Channel. It may correct there, bust just to continue the downside movement. After that, the main short term target is the support zone. Longer term targets are explained on the Daily and Weekly Timeframes below.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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