CHFUSD ascending channel down back time reversal

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๐Ÿ“‰ CHF/USD Technical Analysis Update ๐Ÿ“‰

๐Ÿ”น Pair: CHF/USD
๐Ÿ”น Timeframe: 4H โณ
๐Ÿ”น Trend: Following Ascending Channel ๐Ÿ“ˆ but showing signs of reversal!

๐Ÿ’ก Current Setup:
โœ… Price failed to break out & looking to drop back to entry level: 1.1330
โœ… EMA 20, 50, 100, 200 indicating potential bearish move

๐ŸŽฏ Technical Targets:
๐Ÿ“ 1st Target: 1.1215 ๐ŸŽฏ
๐Ÿ“ 2nd Target: 1.1050 ๐Ÿ“‰


โš ๏ธ Watch for confirmation before entering! A strong rejection from resistance could fuel the drop! ๐Ÿš€

๐Ÿ’ฌ Like, Follow & Comment your thoughts! ๐Ÿ”ฅ
Note
foucus on it

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