USDCHF remains capped below a well-defined descending trendline, with price printing lower highs and failing to regain the former range support near 0.7900. The recent push higher looks corrective in nature, as momentum continues to fade each time price tests the trendline from below.If price stalls again inside this supply zone, bearish pressure may resume toward the 0.7862 support area, where prior demand and the lower boundary align. Until buyers reclaim the trendline with strength, downside continuation remains the preferred path.
➡️ Primary scenario: rejection near 0.7900 → move toward 0.7862
⚠️ Risk scenario: firm acceptance above the trendline invalidates the sell setup and shifts bias neutral
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.