10d ago (edited) in General discussion
🔔 USD/CHF Trade Signal - Bearish Setup 🔔
Pair: USD/CHF
Current Price: 0.8680
Trade Direction: sell (bearish Bias)
Long-Term Trade Signal: USD/CHF - Short Position Setup
We're seeing a bearish engulfing setup on the USD/CHF weekly chart, indicating a potential long-term downtrend. This trade is structured for extended holding to capture substantial pip movements.
Key Trade Details
- Sell Entry: Around the 0.8670 level
- First Major Target: 0.8300 (a move of approximately 370 pips)
- Extended Target: 0.8000 (a move of approximately 670 pips)
Trade Plan
- Sell at 0.8670: Enter a short position if USD/CHF maintains resistance at this level on weekly closes.
- Hold for First Major Target: 0.8300 – this would be an initial substantial move, aligning with the long-term downtrend.
- Extended Hold Target: 0.8000 – for those looking to capture even more on this potential longer-term trend.
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🔔 USD/CHF Trade Signal - Bearish Setup 🔔
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