The USD/CHF pair is exhibiting a **clear bearish trend** on the 4-hour chart, with price currently consolidating around the **0.81500** level after a sharp decline. This consolidation is forming a **range-bound structure**, with support near the recent H4 low and resistance around the **0.82500** zone.
Key Observations:
Potential Scenarios:
1. Bullish Breakout:
2. **Bearish Continuation**:
Conclusion:
USD/CHF is currently at a decision point within a broader bearish structure. Traders should watch for a breakout from the current range to confirm the next directional move, with **0.82500** and **0.80000** acting as critical inflection zones.
Key Observations:
- Bearish momentum remains dominant, evidenced by lower highs and lower lows.
- Price is currently trading just above a well-tested H4 support level.
- There are two probable outcomes from this consolidation zone:
Potential Scenarios:
1. Bullish Breakout:
- A rejection from the H4 support could see price push back towards the **0.82500** level.
- A breakout beyond this resistance could lead to further recovery towards **0.83500** or higher.
2. **Bearish Continuation**:
- A break below the H4 support zone would confirm further downside momentum.
- This could lead price towards the next key support around **0.80000**, with potential extension to the **0.78500** region.
Conclusion:
USD/CHF is currently at a decision point within a broader bearish structure. Traders should watch for a breakout from the current range to confirm the next directional move, with **0.82500** and **0.80000** acting as critical inflection zones.
Trade closed manually
Ending the week bullish after the initial break of structure
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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.