#USDCHF: Bearish Setup
The market has been printing lower highs and lower lows making the price a Bearish market
As you can see, the price is making a pullback to the demand-turned-supply area
Which aligns with the falling resistance trendline and the 38.20% Fibonacci Retracement level
I believe a Bearish continuation would happen when the price reacts to the level
I'm Bearish Biased
As you can see, the price is making a pullback to the demand-turned-supply area
Which aligns with the falling resistance trendline and the 38.20% Fibonacci Retracement level
I believe a Bearish continuation would happen when the price reacts to the level
I'm Bearish Biased
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.
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.