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USDCHF Analysis Sept 5, 2021

FX:USDCHF   Dolar A.S. / Franc Swiss
On the weekly timeframe we are seeing price is still between the upper resistance level and the lower support level at 0.90500. Last week ended with an inverted hammer candle which normally signals a sign of reversal from here. In order to continue to take short opportunities on this one we need to wait for another LH point to form on the H4 timeframe. We can see that price is rejecting the 0.91200 level already which means that we could see a bounce to the upside. But based on forming consecutive LH’s we most likely will break the support and head lower.
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