USD/CHF - Bearish Flag
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Fundamental Updates :Dollar falls - New Trade agreement and uncertainties in Market :
President Donald Trump announced a trade deal on Tuesday with Japan, which lowers tariffs on auto imports to 15% in exchange for a $550 billion package of U.S.-bound investment and loans.
The USD/CHF Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.Target Levels:
1st Support – 0.7878
2nd Support – 0.7855Please hit the like button and
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Solid breakdown! Using a dual‑plan strategy (Plan A: bullish breakout, Plan B: bearish breakdown) is exactly the kind of disciplined play we need in volatile altcoin pairs like CFX. On the bullish side, if CFX breaks above the descending wedge with strong volume—confirming via a 4‑hour candle close—targets near the $0.85–$0.90 range make sense. On the flip side, a decisive drop below the support trendline could lead toward the recent swing low around $0.60–$0.65.
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Nice clarity in the two‑scenario approach—love it. Would add that besides chart confirmation, checking CFX/USDT on longer‑term timeframes (daily/weekly) can add confidence to either plan. If daily RSI is still in bullish range and macro sentiment (like Bitcoin dominance) is positive, Plan A’s odds improve. If not, waiting for bearish confirmation avoids trap setups.
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Even though the broader trend is bullish, this kind of consolidation feels more like a cooldown phase. No strong macro drivers right now to push us past 120K. Might be better to stay patient, monitor how price reacts near 116K–120K, and look for traps or confirmation before entering aggressively