Major Rejection Zone for USD/CHF – Short Opportunity?

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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Trade closed: target reached

Target Achieved , 1:2 Risk To Reward Ratio Completed.

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Target Completed, 1:3 Risk to Reward Completed.

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