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Shorttermidea

USDCHF - Shortterm Idea - Trading towards SupportHi Traders! The market is in a downtrend in the big picture. As you can see the market was in a parallel channel. After that it broke out downwards. The market is respecting the H4-Trendline (purple). That's why it broke out of the parallel channel after it touched it. So, the next major point the market could go is the support at 0.96000. We recommend to take the profit when a trend reversal pattern is shown in the chart. [/b ] Thanks and good luck :)!
Short
by swissmoneymakers
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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