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USDCHF - SELL IDEA

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Analyzing USDCHF, I’ve spotted a solid SHORT opportunity. Technical patterns and indicators are aligning for a potential downtrend. The pair has repeatedly failed to breach a critical resistance level, indicating a loss of bullish momentum. Bearish candlestick formations near this resistance, coupled with a bearish divergence in the RSI and a downward cross in the MACD, underscore the potential for a reversal.

The macroeconomic backdrop supports this bearish scenario. With the Swiss Franc traditionally viewed as a safe-haven currency, global uncertainties and market volatility tend to increase its appeal. Moreover, contrasting monetary policy outlooks—expectations of a more hawkish stance from the Swiss National Bank versus a cautious Federal Reserve—could further pressure USDCHF lower.

Entering this SHORT trade, I’ve identified strategic entry points based on the current market structure, setting precise targets and stop-losses to ensure a disciplined approach to risk management. This trade leverages the anticipated shift in USDCHF, aiming to capitalize on the expected depreciation of the USD against the CHF
Trade closed manually

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