USD/CHF - Trendline Rejection

[nihalsari]

Setup Overview :

USDCHF

USD/CHF continues to respect the descending trendline and Ichimoku cloud resistance, signaling potential downside pressure. Price is currently retesting the resistance zone (0.8070–0.8085) — a strong supply area that has rejected multiple times.As long as this zone holds, we expect a move toward the next support zones.

🧭 Trade Plan
Bias: Sell / Short-term Bearish
Entry Zone: 0.8060 – 0.8080 (wait for confirmation candle or rejection)
Target 1 (1st Support): 0.8015
Target 2 (2nd Support): 0.7995

Invalidation: Break and close above 0.8085 (Resistance Zone)

Fundamental Updates
1️⃣ U.S. Treasury yields eased slightly as consumer confidence declined.
2️⃣ Markets now price a 66% chance of a rate cut in December, according to CME’s FedWatch Tool.
3️⃣ U.S. government shutdown concerns keep the dollar under mild pressure as investors watch debt issuance risk.

Summary
A clear trendline rejection combined with fundamental USD weakness supports a short bias.
Wait for confirmation before entering — patience protects capital.

️ Disclaimer
This analysis is for educational purposes only and not financial advice.
Always do your own research and manage risk wisely.

[Rimon Khan]

Classic rejection setup — strong confluence on the 4H.

[EmTeam]

If USD loses momentum, this could head for 0.888 next leg.