USD/CHF: Potential Reversal
Updated
The USD/CHF currency pair has exhibited divergence with the Dollar Index and has itself surged to the weekly block. Therefore, it is anticipated that this upward movement has been executed for dollar distribution, ultimately leading to a downward movement towards liquidity levels at the bottom. The probable target is the daily rejection block. There are liquidity levels that have not yet been touched above the ceiling of 0.9102, and it would not be surprising to see another sharp movement towards it.
Trade closed: target reached
Well, friends, before its downward movement, the USDCHF chart continued its ascent, reaching its weekly rejection block and a 4-hour block. However, ultimately, the downward target I had announced was achieved through a sharp move. Best of luck!
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