Get started
JoeChampion

USDCHF:Identifying a Correction Phase and Potential selling Zone

Short
U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
JoeChampion  
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Chart Patterns Trend Analysis Beyond Technical Analysis USDCHF USD chf SELL short Bearish Patterns Technical Analysis Contains image
5
0
chartpattern trendanalysis beyondta usdchf usd chf sell short bearish technicalanalysis containsimage
Hey Traders, In tomorrow's trading session, our attention is on USDCHF as we identify a potential selling opportunity around the 0.86700 zone. USDCHF is currently trading in a downtrend and is in the midst of a correction phase, making the 0.86700 level a crucial area of interest.

As traders, it's essential to carefully analyze the price action in the vicinity of 0.86700, as it represents a key support and resistance area within the broader downtrend. This zone could serve as a strategic entry point for short positions, aligning with the overall market trend.

Trade safe,
Joe.
Join our telegram Channel for daily market updates t.me/JoeChampion
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.