USDCHF Potential Bearish Opportunity From Critical Zone

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USDCHF Potential Bearish Opportunity From Critical Zone

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Hi Traders! We have USDCHF potential bearish opportunity from critical zone. A detailed analysis of this sell setup is as follows:

USDCHF W1 Chart:

On the weekly chart we had a good uptrend line that has formed and the price has broken below this dynamic support. Currently it looks like the price is retesting this breakout, we may now look for evidences of bearish pressure on lower timeframes in order to join the bears.

USDCHF Potential Bearish Opportunity From Critical Zone

USDCHF D1 Chart:

On the daily chart we have a hidden bearish divergence that has formed which we may consider as an evidence of bearish pressure, we may now look for more evidences of bearish pressure in order to join the bears.

USDCHF Potential Bearish Opportunity From Critical Zone

USDCHF H4 Chart:

On the H4 chart we have a critical zone that has formed based on the fibo level of the cycle and the weekly uptrend line. Currently the price which is moving higher has reached this critical zone. In addition to this we also have a bearish divergence that has formed which we may consider as an evidence of bearish pressure. We may now look for more evidences of bearish pressure in order to join the bears.

USDCHF Potential Bearish Opportunity From Critical ZoneNote: 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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Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

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Aaron
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Aaron

Thank you Yordan for sharing your ideas on USDCHF

Frank
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Frank

Thanks Yordan for the analysis, I am making best use of your ideas

Sam
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Sam

Thank you Yordan