Bearish Bat Pattern Forms – USDCHF Looks Ready to Drop

18 sie

Today, I want to review USDCHF(USDCHF) and lay out the fundamental and technical reasons supporting a Short position bias.

1-Fed policy expectations are the main focus — attention is on the Jackson Hole symposium and signals about the Fed’s path; this has tilted market pricing toward a less hawkish Fed.

2-Dovish bets weigh on the USD — markets are pricing in a softer Fed outlook (rate-cut expectations/pauses), which weakens the dollar.

3-CHF supported by safe-haven flows — amid global uncertainty, the Swiss franc tends to attract demand; SNB’s stance also matters for medium-term flows.

Fundamental takeaway: weaker USD (on Fed expectations) + safe-haven CHF demand = a reinforced bearish case for USDCHF in the short term.
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Now let's take a look at the USDCHF chart on the 4-hour time frame.

USDCHF is trading in the Resistance zone(0.819 CHF-0.804 CHF) and near the Resistance line.

It also looks like USDCHF could continue its downtrend with the help of the Bearish Bat Harmonic Pattern.

I expect USDCHF to decline at least to the Support lines.

Second Target: Support zone(0.783 CHF-0.767 CHF)

Note: Stop Loss(SL): 0.818 CHF

Please respect each other's ideas and express them politely if you agree or disagree.

U.S Dollar/Swiss Franc Analysis (USDCHF), 4-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

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19 sie

Zlecenie aktywne

Trade was activated

28 sie

Transakcja zamknięta: osiągnięto wyznaczony cel

First Target Done