USD/CHF 2-hour chart Pattern..

anteontem

USD/CHF 2-hour chart, here’s a quick technical analysis breakdown based on what’s visible in my chart :

The chart shows a rising channel (uptrend) with price currently near the middle to lower zone of the channel.

My drawn two potential downward target projections labeled “Target Point.”

Price is around 0.8027 currently, with the first downward projection extending roughly to 0.7960, and the second one near 0.7875.

The Ichimoku cloud shows current price slightly above the cloud, but momentum seems to be weakening, suggesting possible correction.


✅ Targets based on my chart setup:

First target: 0.7960

Second (extended) target: 0.7875


These align with my drawn projections.

⚠ Trading note:
If you’re planning a short position, watch for a confirmed break below the channel support or below 0.8000, as that would confirm bearish continuation toward those targets. If price stays above the cloud or rebounds from the lower trendline, the bullish channel might still hold.

anteontem

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