USDCHF: Very Bearish Signal 🇺🇸🇨🇭

9 giu 2023

USDCHF is trading in a long-term bearish trend.
Reaching 0.882 level, the market started a correctional movement within a bearish flag pattern.

After the test of 0.914 resistance, the market stopped growing and started to consolidate.
The price formed a high momentum bearish candle yesterday, violating the support of the flag.

It signifies that the pair returns to a global bearish trend.
I will expect a bearish continuation to 0.895 / 0.89

For entries, consider an occasional retest of a broken trend line.


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