Get started
Godfather-Pips

USDCHF SETUP 1:2

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Godfather-Pips  
FX:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance USDCHF swissy dollar Bearish Patterns short uptrendchannel pullback
5
2
supportandresistance usdchf swissy dollar bearish short uptrendchannel pullback
Using trend lines, a clear bullish trend has been identified with strong support and resistance levels also being identified.
After a bullish week in USDCHF, prices have reached the resistance level.
The last candle was bearish indicating possible bearish momentum coming into the markets.
This could indicate a pullback to the support level.
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.