USDCHF Bullish Trend Continuation
USDCHF a couple weeks back shadowed the movement of USDJPY and created an "Inverted Head & Shoulders" pattern and broke structure on daily time frame, making the current trend bullish. I am waiting on a retracement to my highlighted zone, price to show rejection from the zone, then continue the current bullish trend to reach the most recent higher high(0.91025-ish).
On the other hand the OVERALL trend on the weekly time frame is still BEARISH. that is something to keep in mind should the market break structure on the daily swing. If structure is broken on daily time frame, expect trend to continue down to the last level of support per the weekly time frame(0.87585)
*This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor.*
On the other hand the OVERALL trend on the weekly time frame is still BEARISH. that is something to keep in mind should the market break structure on the daily swing. If structure is broken on daily time frame, expect trend to continue down to the last level of support per the weekly time frame(0.87585)
*This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor.*
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