Higher and Lower Timeframes Comparison EURCHF hits the higher | Forex GDP

Higher and Lower Timeframes Comparison

EURCHF hits the higher low level of an Uptrend line in the weekly timeframe and lower low level of Descending channel in the 4-hour timeframe.

Why we have both higher and lower timeframe comparison?

If the market reached the important area in the higher timeframe, We highly recommend all of you to look out for the lower timeframe structure or patterns to confirm the reversal or breakout.

In the above example, EURCHF standing at the low level in both higher and lower timeframes, This gives double confirmation for Entering the trade.