USDCHF - is Bullish Trend is Going to Reverse?
Right now
USDCHF
uptrend shows some weaknesses as price struggle to break above the daily resistance level. Furthermore, the descending triangle pattern indicates the selling pressure that builds on this pair. with all of these technical factors, If the price broke below the local structure level, then we can anticipate a bearish trend rotation.
Disclaimer: Trade Revenue Pro’s view on the Forex Charts is not advice or a recommendation to trade or invest, it is only for educational purposes. Don’t Blindly Buy or Sell any Asset, Do your own analysis and be Aware of the Risk.
Keep in mind, These are Just Market Predictions and not a Trade Signal or Trade Ideas, At Trade Revenue Pro We are Using Daily Time Frame to Identify Major Price Movements and Push Down 4-Hour Time Frame to Get Favourable Risk to Reward For Our Trades, Furthermore, We are Using Tight Risk Management Method to Preserve Our Trading capital.
Trade Analysis from - Trade Revenue Pro
USDCHF
uptrend shows some weaknesses as price struggle to break above the daily resistance level. Furthermore, the descending triangle pattern indicates the selling pressure that builds on this pair. with all of these technical factors, If the price broke below the local structure level, then we can anticipate a bearish trend rotation. Disclaimer: Trade Revenue Pro’s view on the Forex Charts is not advice or a recommendation to trade or invest, it is only for educational purposes. Don’t Blindly Buy or Sell any Asset, Do your own analysis and be Aware of the Risk.
Keep in mind, These are Just Market Predictions and not a Trade Signal or Trade Ideas, At Trade Revenue Pro We are Using Daily Time Frame to Identify Major Price Movements and Push Down 4-Hour Time Frame to Get Favourable Risk to Reward For Our Trades, Furthermore, We are Using Tight Risk Management Method to Preserve Our Trading capital.
Trade Analysis from - Trade Revenue Pro