Technical Analysis – USD/CHF (1H Timeframe)
The USD/CHF pair is approaching a significant resistance zone around 0.90300 - 0.90600, where price previously faced strong selling pressure. A rejection from this level could trigger a downside move, targeting the 0.89250 - 0.89000 area.
- Resistance: 0.90300 - 0.90600
- Support/Target: 0.89250 - 0.89000
- Bias: Bearish if price fails to break resistance
- Confirmation: Look for bearish candlestick patterns or rejections at resistance before entering short positions.
Traders should monitor price action closely for confirmation before executing trades.
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The USD/CHF pair is approaching a significant resistance zone around 0.90300 - 0.90600, where price previously faced strong selling pressure. A rejection from this level could trigger a downside move, targeting the 0.89250 - 0.89000 area.
- Resistance: 0.90300 - 0.90600
- Support/Target: 0.89250 - 0.89000
- Bias: Bearish if price fails to break resistance
- Confirmation: Look for bearish candlestick patterns or rejections at resistance before entering short positions.
Traders should monitor price action closely for confirmation before executing trades.
If you enjoy, press the like button.
Trade active
ACTIVE YOUR TRADES, NOWNote
hold your trades towards targets. Note
Congratulation guys, trade running 80 pips+ profits.Trade closed: target reached
Target Achieved , 1:2 Risk To Reward Ratio Completed.Note
Target Completed, 1:3 Risk to Reward Completed.
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.