🔻 Bearish Move Activated! 🔻
🧠 Technical Breakdown: USD/CHF has broken down from a tight consolidation zone on the 1H chart — a strong bearish signal. The price has breached the lower support of the consolidation at 0.80760, confirming the continuation of the downtrend after rejecting the descending resistance trendline.
📍 Key Insights:
◾ Pattern: Consolidation Breakdown – bearish continuation setup.
◾ Breakdown Confirmed: Price dropped below 0.80760 with momentum.
◾ Descending Resistance: Rejected at the trendline, supporting the bearish bias.
◾ Target Zone: 0.7750 — next major support area.
🎯 Trade Setup:
🔴 Entry: 0.80760 (activated right now on breakdown)
🟢 Stop Loss: 0.8100 (above the consolidation zone for safety)
🎯 Target: 0.7750 — key support and take-profit zone
⚠ Pro Tip: Monitor for a potential retest of the breakdown level before the next leg down — stay cautious of fakeouts!
🔥 Final Thoughts: USD/CHF is in a strong bearish move after this consolidation breakdown. With the entry activated, 0.7750 could be hit soon if momentum holds. Trade smart and manage your risk!
🧠 Technical Breakdown: USD/CHF has broken down from a tight consolidation zone on the 1H chart — a strong bearish signal. The price has breached the lower support of the consolidation at 0.80760, confirming the continuation of the downtrend after rejecting the descending resistance trendline.
📍 Key Insights:
◾ Pattern: Consolidation Breakdown – bearish continuation setup.
◾ Breakdown Confirmed: Price dropped below 0.80760 with momentum.
◾ Descending Resistance: Rejected at the trendline, supporting the bearish bias.
◾ Target Zone: 0.7750 — next major support area.
🎯 Trade Setup:
🔴 Entry: 0.80760 (activated right now on breakdown)
🟢 Stop Loss: 0.8100 (above the consolidation zone for safety)
🎯 Target: 0.7750 — key support and take-profit zone
⚠ Pro Tip: Monitor for a potential retest of the breakdown level before the next leg down — stay cautious of fakeouts!
🔥 Final Thoughts: USD/CHF is in a strong bearish move after this consolidation breakdown. With the entry activated, 0.7750 could be hit soon if momentum holds. Trade smart and manage your risk!
Trade closed: stop reached
STOP LOSS REACHED GUYS 
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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.