USD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.9181, 0.9373, 0.9463
Key Support Levels: 0.9042, 0.8921, 0.8852
The price on the daily time frame was in a clear upward movement and bouncing inside a bullish channel formation, then it posted a bearish divergence which led to a change in the direction from an uptrend to a downtrend.
USD/CHF Medium-Term Trend: Bearish
On the 4-hr time frame, the price is posting lower lows and highs signaling that the trend is to the downside. The pair managed to break the 0.9181 USD support and retrace to it. Further sell pressure is expected in the coming hours.
Sell Stop Order @ 0.9135
TP 1 @ 0.9047
TP 2 @ 0.8921
Stop Loss @ 0.9173
Trade Safely 🙂