USDCHF is showing signs of a bearish move on the 4-hour chart, with an entry zone at the red box around 0.8065 near a key resistance level. The target at 0.79795 aligns with the next support zone, offering a clear downside potential. Set a stop loss at 0.81 on a close above to manage risk effectively. A break below 0.805 with increasing volume could confirm this slide, driven by USD weakness and CHF strength. Watch Swiss economic data and global risk sentiment as catalysts.
Ready for this move? Do you see this USD/CHF slide coming? Share your view!
#USDCHF #ForexTrading #TechnicalAnalysis #TradingView #CurrencyPairs #DayTrading #MarketSignals
Note
trade was activated in the red box!Note
Put your stop loss in the entry point, and do free risk if you didn't close this deal in the stop loss point like me !Trade closed: target reached
Patience is the key to success!
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.
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.