USDCHF Update – Swing Setup in Play
After a massive 150+ pip move to the downside yesterday, USDCHF is now retesting the 0.84482 zone. This level will be key for the next leg:
Sell Opportunity if 0.84482 holds as resistance
Break of 0.83981 confirms continuation to the downside
Target: 0.83366 (90+ pips from confirmation)
⚠️ A break back above 0.84482 could invalidate short-term sells, opening room for a pullback to 0.85082 before the next bearish wave.
Bias: Bearish, unless structure breaks above key levels.
After a massive 150+ pip move to the downside yesterday, USDCHF is now retesting the 0.84482 zone. This level will be key for the next leg:
Sell Opportunity if 0.84482 holds as resistance
Break of 0.83981 confirms continuation to the downside
Target: 0.83366 (90+ pips from confirmation)
⚠️ A break back above 0.84482 could invalidate short-term sells, opening room for a pullback to 0.85082 before the next bearish wave.
Bias: Bearish, unless structure breaks above key levels.
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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.
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.