TradingView
TheNomadTraderYT
May 27, 2023 5:06 PM

USDCHF H4 Ascending Channel Short Short

U.S. Dollar/Swiss FrancFXCM

Description

Hi traders!
The current market conditions suggest a potential reversal in the USD/CHF exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern, which signals a favorable Short trading opportunity.
Have a great trading week ahead!
More