Hi Traders! USDCHF bearish flag provides sell opportunity for us. A detailed analysis of this bearish setup is as follows:
USDCHF D1 Chart:
On the daily chart we have an uptrend line that has formed and the price is respecting it so far. Currently it looks like the price is moving lower towards this dynamic support, we may now look for evidences of bearish pressure on lower timeframes in order to start looking for the sells.
USDCHF H4 Chart:
On the H4 chart we have a bearish flag pattern that has formed and the price which was moving inside it has currently broken below the bottom of this pattern, we may consider this as an evidence of bearish pressure. We may now look for pullbacks and then sells with more bearish evidences.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
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