USDCHF – Potential Bearish Reversal!USDCHF is approaching a resistance area, so we will be looking for trend-following sell setups

Analysis Of USD/CHF Pair: The Swiss Currency Pair Rebounds

on H1: USDCHF is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (Projection in purple)


Trigger => Waiting for that third swing to form then sell after a momentum candle close below it. (Gray area)

Meanwhile, until the sell is activated, USDCHF can still trade higher till the green resistance, before trading lower.

Good luck!

All Strategies Are Good; If Managed Properly!


Analysis Of USD/CHF Pair: The Swiss Currency Pair Rebounds

Richard Nasr

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