The USD/CHF Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8011
2nd Support – 0.7988
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Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8011
2nd Support – 0.7988
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade attivo
PlacedNota
Fundamental Update : 🔈🔈The U.S. dollar decreased significantly this happened because the monthly jobs data showed that fewer people were hired than expected, which suggests that the economy might be slowing down. This situation makes it more likely that the Federal Reserve, which is the central bank of the United States, will reduce interest rates to help boost the economy.
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