USDCHF: Breakout Trade For Next Week Explained 🇺🇸🇨🇭

Short

U.S. Dollar / Swiss Franc (OANDA:USDCHF)

OANDA:USDCHF U.S. Dollar / Swiss Franc

Rectangle Parallel Channel Support and Resistance USDCHF DJ FXCM Index USD dollar swissfranc chf priceaction priceactionanalysis Contains image

rectangle parallelchannel supportandresistance usdchf usdollar usd dollar swissfranc chf priceaction priceactionanalysis containsimage

snapshot

USDCHF violated a key horizontal support.

After a breakout, the price started to consolidate
within a narrow horizontal range on a 4H time frame.

Its support breakout - 4h candle close below 0.8852 will
give you a strong confirmation to short.

A bearish continuation will be anticipated at least to 0.881 level then.

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