USDCHF is still trading in a bearish trend.
after the market has set new lower low lower close on 0.97 level,
we see a strong pullback up.
however, while the market is approaching a key structure resistance level 0.99 bullish pressure is clearly weakening
For next week I have a very bearish scenario for this pair.
Pay close attention to a bear flag pattern,
if bears break and close below it,
there will be a high chance to see a bearish continuation to lower structure.
The target level for me will be 0.975
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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.