USD/CHF 4H Analysis – Bearish Continuation Setting Up?

7 天前

USD/CHF is currently forming a textbook symmetrical triangle consolidation pattern just below key EMAs (20, 50, and 200), signaling potential exhaustion in bullish momentum. Price is compressing against the upper boundary of the triangle, failing to sustain above the 0.382 Fib retracement level (0.82302), which is aligned with the 50 EMA – a known area of dynamic resistance.

This consolidation follows a clear bearish leg from the swing high at 0.83472, which suggests this triangle is likely a continuation pattern. A clean break below the ascending trendline support would confirm bearish continuation, with a measured move target near the 0.81068 level, which aligns with the -0.27 Fib extension.

🔍 Key Technical Levels:
Resistance: 0.82302 (0.382 Fib), 0.82525 (0.5 Fib), 0.82753 (0.618 Fib)
Support: 0.82026 (0.236 Fib), 0.81579 (Swing Low), 0.81068 (Bearish Extension Target)

📌 Watch for:
A decisive break and close below triangle support
Volume spike or bearish engulfing candle for confirmation
RSI is neutral but leaning slightly bearish; room for downside

🎯 Bearish Bias
📍 Tag: #USDCHF #ForexAnalysis #WrightWayInvestments

7 天前

交易進行

Trade active

6 天前

交易結束：目標達成

Still going