Analysis routine– Top-down analysis system.
Today our focus is on USDCHF Intraday.
Monthly chart- A bearish price action has formed at a resistance
Weekly chart– Based on the trend line drawn on the chart, we see a corresponding down trend as well
Daily chart- We have drawn a support and resistance on the daily chart.
Recommendation: On the 1hr time-frame, we expect a retest of the minor 1hr support and a subsequent bounce off that zone towards the daily resistance.
Disclaimer: AtoZ Forex would like to remind you that the data contained in this article is just the personal opinion of the author. AtoZ Forex or any author involved with AtoZ Forex will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within AtoZforex.com website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.