🚨 USDCHF has officially broken the long-term uptrendline! This signals that the bullish momentum is weakening, and a potential strong sell-off could be on the way. Right now, the price is hovering near a critical neckline support—once this level is breached, expect an aggressive downward move!
📊 What’s Happening?
🔹 Uptrendline Breakdown: The market structure has shifted bearish after a prolonged uptrend.
🔹 Neckline Retest: Price is testing a key horizontal level—if broken, more downside is likely.
🔹 EMA 200 Resistance: The price is struggling below this dynamic resistance, confirming bearish momentum.
🔹 Weak Buyer Strength: Recent candles show rejection and selling pressure, indicating a lack of bullish strength.
📉 Bearish Trade Setup & Targets
📍 Entry Zone: Wait for a clean neckline break and a retest for confirmation.
📍 Stop Loss: Above the neckline to avoid false breakouts.
📍 Profit Targets:
✅ Target 1: 0.8600 (First major support level)
✅ Target 2: 0.8450 (Deeper extension of the move)
📌 How to Trade This Setup?
✔ Be patient – A clear break below the neckline is crucial before entering a trade.
✔ Look for confirmation – Watch for bearish engulfing candles, strong rejection wicks, or volume spikes after the break.
✔ Risk Management – Use stop losses wisely and ensure proper position sizing.
🔥 This is a high-probability bearish setup! Once the neckline is broken, expect strong downward momentum. If you missed the uptrend, now’s your chance to capitalize on the reversal!
💬 What’s your outlook on USDCHF? Drop your thoughts below! Don’t forget to LIKE, COMMENT & FOLLOW for more trade ideas!
📊 What’s Happening?
🔹 Uptrendline Breakdown: The market structure has shifted bearish after a prolonged uptrend.
🔹 Neckline Retest: Price is testing a key horizontal level—if broken, more downside is likely.
🔹 EMA 200 Resistance: The price is struggling below this dynamic resistance, confirming bearish momentum.
🔹 Weak Buyer Strength: Recent candles show rejection and selling pressure, indicating a lack of bullish strength.
📉 Bearish Trade Setup & Targets
📍 Entry Zone: Wait for a clean neckline break and a retest for confirmation.
📍 Stop Loss: Above the neckline to avoid false breakouts.
📍 Profit Targets:
✅ Target 1: 0.8600 (First major support level)
✅ Target 2: 0.8450 (Deeper extension of the move)
📌 How to Trade This Setup?
✔ Be patient – A clear break below the neckline is crucial before entering a trade.
✔ Look for confirmation – Watch for bearish engulfing candles, strong rejection wicks, or volume spikes after the break.
✔ Risk Management – Use stop losses wisely and ensure proper position sizing.
🔥 This is a high-probability bearish setup! Once the neckline is broken, expect strong downward momentum. If you missed the uptrend, now’s your chance to capitalize on the reversal!
💬 What’s your outlook on USDCHF? Drop your thoughts below! Don’t forget to LIKE, COMMENT & FOLLOW for more trade ideas!
Trade active
Trade Active – Neckline Breakdown Confirmed!Great news, traders! 🎉 The neckline breakdown is done, confirming our trade setup. Now, it's time to enter the trade and hold as we aim for our target point! 🔥
📉 Key Highlights:
✅ Breakdown Confirmed – Price is moving as expected!
✅ Momentum Building – Sellers in control, pushing toward our target.
✅ Patience is Key – Let’s hold and manage risk wisely!
📊 Target in sight – Let’s stay focused and ride the trend! 📊
Who’s in on this move? Drop your thoughts in the comments! 👇🔥
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Join My Telegram Channel Now
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.