USDCHF D setup

20 בנוב׳ 2018

USDCHF is in a long bearish diagonal W timeframe. Currently it suggests further downside to the 0.986 area 4H TF. From there it could start to go up and break the 1.01 strong resistance, or go down further to touch the support trendline at 0.965 area. The question is whether the Daily pattern is an ascending triangle or a bearish diagonal. If it is an ascending triangle, it could shoot up to 1.06 area.