USDCHF 23/01/2025
USDCHF update: Yesterday, we didn’t get the break below 0.90410 that we were looking for, but the 4H structure remains bearish. The pair is still creating lower highs and lower lows, with price currently sitting around the lower high region near 0.90685.
The bearish bias remains intact, but given how tricky this pair has been recently, it’s essential to wait for a clear break and 4H close below 0.90410 for confirmation before considering further downside. Adding to this bias is a potential head and shoulders pattern starting to form, which provides additional confluence for a bearish move.
Patience is key here to avoid being caught in false breaks. Let’s see how price reacts at these levels! #USDCHF #ForexAnalysis
The bearish bias remains intact, but given how tricky this pair has been recently, it’s essential to wait for a clear break and 4H close below 0.90410 for confirmation before considering further downside. Adding to this bias is a potential head and shoulders pattern starting to form, which provides additional confluence for a bearish move.
Patience is key here to avoid being caught in false breaks. Let’s see how price reacts at these levels! #USDCHF #ForexAnalysis
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