USDCHF Bearish Flag Provides Sell Opportunity

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USDCHF Short Term Forecast And Technical Analysis

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 Bearish Flag Provides Sell Opportunity

 

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.

USDCHF Bearish Flag Provides Sell Opportunity

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.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

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Yours to your success

Vladimir Ribakov

 

 

 

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mfskhalefa
mfskhalefa
1 year ago

very useful ,,,,

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James
James
1 year ago

Thank you Vlad and team

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