U.S. Dollar / Swiss Franc
Long
Updated

USDCHF – Bearish Channel, But Bulls Eye This Zone!

577
USDCHF has been sliding within a falling channel 📉, keeping the broader outlook bearish. Yet, the pair is once again testing the 🟩 demand zone, an area that has acted as a strong base in the past.

If buyers manage to hold this level 💪, we could see a short-term rebound toward the upper bound of the channel.

For now, the plan is simple: while the macro bias stays bearish, this zone offers a potential window for trend-following longs before the sellers step back in.

⚠️ Risk management remains key, as a clean break below the zone would signal that bears 🐻 are tightening their grip.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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Trade closed: target reached
snapshot

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