U.S. Dollar / Swiss Franc
Short
Updated

Is USDCHF Ready to Drop? Short Setup Explained

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📉 USDCHF Trade Idea Breakdown

Taking a close look at USDCHF, we’re currently in a clear downtrend 🔻. Price is under pressure on the higher timeframes, but on the lower timeframes (15m & 30m), we’re seeing a pullback 🌀.

What I’m watching for now is a rejection at resistance 🔄 followed by a bearish break in market structure ⛔️. If that confirms, I’ll be looking to take a short entry with targets set at the two previous lows marked out in the video 🎯📉.

Stop loss placement would be just above the recent swing high for risk management 🛑.

As always — this is not financial advice ⚠️.
Trade closed: target reached
snapshot

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