swissmoneymakers

USDCHF - Down-Movement expected

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi Traders!

Here is our analysis on the USDCHF pair.

On the weekly TF you can see a potential Bearish Triangle Pattern.
If this is true, the market aims to go into a Downtrend.
The bearish pressure is also visible on the daily TF, as we can see Rejection Candles there.
On the H4-TF we see an Up-Movement.
The Sell-Entry-Triggers are firstly the Break of this shortterm Trendline and secondly the Break of Support.

Weekly TF:


If you would like to know anything with more details or if you have another point of view, don't hesitate to share!


Thanks and successful Trading :-)!

--------------------
***Trade at your own risk***
***Not every trade is also taken by us***

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.