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USD/CHF Potential Downward Movement

USD/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.9751, 0.9875, 0.9978

Key Support Levels: 0.9609, 0.9527, 0.9446

Daily Chart:

The price on the higher time frame has reversed the direction after facing a rejection around 1.0064 level. The pair has then broken a trendline and also the support level of 0.9761 with good momentum. We expect the pair to pick momentum in the downside.

USD/CHF Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke a support level of 0.9875 with good momentum and another minor support of 0.9751 has been broken and retested before continuing the momentum.

Signal Idea:

Sell Limit Order @ 0.9691

TP 1 @ 0.9611

TP 2 @ 0.9531

Stop Loss @ 0.9771

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

10 comments

  1. Has this trade hit take profit?

  2. How do I subscribe to the telegram signals ?

  3. Is this trade still open?

  4. Hi
    GBPCAD DOWNGRADE!!

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