USDCHF - Sell Setup Forming!

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USDCHF is approaching strong resistance in green from Daily (0.91 - 0.92) so we will be looking for sell setups on lower timeframes.

on H1: USDCHF is forming a channel in blue, but the lower red trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)

Until the sell is activated, USDCHF would be overall bullish and can still test the upper bound of the resistance (0.92)

And of course, as USDCHF approaches our lower brown trendline, we will be looking for buy setups.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich