Top and Bottom Analysis On CAD/CHF by ThinkingAntsOk
4H CHART EXPLANATION:
A few weeks ago we posted this chart when the downtrend was starting and it has recently reached our short-term targets. Now, we expect a bounce at this support zone, and a corrective movement just to continue the bearish movement after that. Of course a break of the Support Zone is needed, as explained on the higher timeframe anaylsis below.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
A few weeks ago we posted this chart when the downtrend was starting and it has recently reached our short-term targets. Now, we expect a bounce at this support zone, and a corrective movement just to continue the bearish movement after that. Of course a break of the Support Zone is needed, as explained on the higher timeframe anaylsis below.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: