🔸Hello traders, let's review the 2 hour chart for USDCHF today. Bear flagging since June, expecting breakdown and subsequent re-test of year lows near 8850 later.
🔸Short-term expecting more range-locked price action within the flag pattern structure, position traders should stay on sidelines and wait before short selling from resistance.
🔸Recommended strategy for USDCHF bears: wait for price to re-test near 9020/9040 and short with SL 40 pips TP1 +90 pips TP2 +180 pips final exit at 8850 BEARS. this is a swing trade setup, patience required. good luck!
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This week will provide a lot more clarity for the USD especially on Thursday and Friday. It will be interesting to see what this says first but great work my friend!
Serana2324
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Looks very good, thanks for sharing
ChatchaiVong2e
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thank so much
TheFxAce
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This short position you've proposed is quite thought-provoking. Your extensive research is commendable, buddy.
FieryTrading
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Looks like a winner🔥
Setupsfx_
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Amazing as always
Gold-Tech
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Wow, this is interesting. Your idea is mostly correct
RLinda
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Great look at the situation with a good description! From a professional point of view it would be interesting to know in what order, what steps you use when analyzing an asset)