USD/CHF Waiting for the Breakout by ThinkingAntsOk
🔸 DAILY CHART EXPLANATION:
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🔸 Price has been consolidating on a triangle for the last weeks.
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🔸 As this pair is on a downtrend (Descending Channel), we consider that is has Bearish Potential.
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🔸 In case of a breakout to the downside, the target of the move would be the lower trendline of the Descending Channel.
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🔸 Will look for a lower timeframe Bearish Setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price has been consolidating on a triangle for the last weeks.
.
🔸 As this pair is on a downtrend (Descending Channel), we consider that is has Bearish Potential.
.
🔸 In case of a breakout to the downside, the target of the move would be the lower trendline of the Descending Channel.
.
🔸 Will look for a lower timeframe Bearish Setup.
🔸4H CHART ANALYSIS:
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