USDCHF TREND REVERSAL – BEARISH SETUP FORMING 📉🔥
USDCHF Technical Analysis (6H Timeframe)
📊 Market Structure: Bearish Rejection from Resistance
USDCHF is trading inside a well-defined ascending channel but currently facing strong rejection from the upper trendline resistance. After a bullish push, price is showing signs of exhaustion, indicating a potential pullback towards lower support zones.
🔎 Key Observations:
• Ascending channel resistance respected
• Strong rejection from upper boundary
• Possible liquidity sweep at highs
• Weak bullish continuation, bearish pressure building
🎯 Bearish Targets:
• TP1: 0.7920 (1st Support Zone)
• TP2: 0.7860 (Mid Channel Support)
• TP3: 0.7800 (Lower Trendline / Demand Zone)
🛑 Stop Loss:
Above 0.8015 (Resistance Break Level)
❌ Invalidation:
A strong breakout and close above 0.8015 will invalidate the bearish setup and continue bullish momentum.
📉 Bias:
Short-term bearish pullback expected while price remains below resistance and shows rejection from the channel top.
USDCHF Technical Analysis (6H Timeframe)
📊 Market Structure: Bearish Rejection from Resistance
USDCHF is trading inside a well-defined ascending channel but currently facing strong rejection from the upper trendline resistance. After a bullish push, price is showing signs of exhaustion, indicating a potential pullback towards lower support zones.
🔎 Key Observations:
• Ascending channel resistance respected
• Strong rejection from upper boundary
• Possible liquidity sweep at highs
• Weak bullish continuation, bearish pressure building
🎯 Bearish Targets:
• TP1: 0.7920 (1st Support Zone)
• TP2: 0.7860 (Mid Channel Support)
• TP3: 0.7800 (Lower Trendline / Demand Zone)
🛑 Stop Loss:
Above 0.8015 (Resistance Break Level)
❌ Invalidation:
A strong breakout and close above 0.8015 will invalidate the bearish setup and continue bullish momentum.
📉 Bias:
Short-term bearish pullback expected while price remains below resistance and shows rejection from the channel top.
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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.
Related publications
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.