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Bullandbeartrading

USD/CHF Trade Idea

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Bullandbeartrading  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF swingtrade short Forex countertrendline
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trendanalysis chartpattern indicator usdchf swingtrade short forex countertrendline
Hello and welcome to my Trade Idea of the currency pair USD/CHF.

Lets start with the Top Down Analysis.


Monthly: The monthly candle 3 months ago breaks the previous lows and that's a bearish indicator.

Weekly: The weekly timeframe is in a nice downtrend.

Daily: We see on daily a pullback to the upside.

H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.


Have a nice day.
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