USDCHF Sell Breakdown

3 dni temu

This is a 4-hour (4H) chart of USD/CHF (U.S. Dollar / Swiss Franc), showing a technical setup with Fibonacci retracement levels, a trendline break, and a sell breakout signal.

Key Elements of the Chart:
Fibonacci Retracement Levels:

The chart has Fibonacci retracement levels drawn from a previous high to low move, indicating key resistance levels.
The 38.2% retracement level (0.9053 - 0.9060) is marked as a key resistance zone.
Trendline & Breakout:

A yellow trendline shows an ascending trend in the recent price action.
The price has broken below this trendline, indicating a bearish breakout.
Sell Breakout Confirmation:

A label "Sell Breakout" is marking the point where the price has broken the trendline, suggesting that traders are watching for short (sell) positions below this level.
The price is currently at 0.9025, just below the 23.6% Fibonacci level (0.9015).
Bearish Targets:

First target: Around 0.8971, which is the 0% Fibonacci level.
Second target: Around 0.8921, extending beyond the Fibonacci retracement zone.
Trading Implications:
Bearish Bias: The trendline breakdown suggests selling pressure.
Confirmation Needed: A close below 0.9015 strengthens the bearish case.
Potential Resistance: If price retests 0.9053 - 0.9060, it could be an entry for short trades.

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