USDCHF at a Key Range | Breakdown or BreakoutUSD/CHFOANDA:USDCHFforexcitypro_leemeenalHello and welcome to all TradingView traders 👋 I hope you’re having profitable and successful trades 📈 Today, I’m sharing a comprehensive analysis of USD/CHF, which is currently trading around key technical levels and may offer interesting trading opportunities. 📌 General Overview of USDCHF The USD/CHF pair is widely known as a safe-haven currency pair. At the moment, considering the broader macroeconomic environment: 🔴 From a fundamental perspective: Based on recent news and market expectations, the US dollar is generally losing strength. Factors such as interest rate cut expectations, weaker economic data, and reduced demand for the dollar have shifted market attention toward safer currencies like the Swiss Franc. 📉 Long-Term Trend Analysis Looking at higher timeframes (Weekly & Daily): 🔻 The overall market structure remains bearish Clear lower highs and lower lows are visible Price is still trading below the long-term descending trendline ➡️ As long as this structure remains intact, the dominant bias stays bearish (sell-side). 📦 Current Market Condition (Daily Range) On the daily timeframe: 🟡 Price is currently moving inside a well-defined range Upper boundary acting as resistance Lower boundary acting as support The market is in a consolidation phase, waiting for a clear directional decision. 📐 Key Technical Levels & Chart Explanation 🔹 Resistance Zone: A strong area where price has been rejected multiple times, aligned with the descending trendline 🔹 Support Zone: The lower boundary of the daily range; a confirmed break could trigger stronger downside momentum 🔹 Descending Trendline: Each interaction with this trendline may offer potential sell opportunities 🎯 Trading Scenarios 🔵 Scenario 1: Range Trading Buy near support ⬆️ Sell near resistance ⬇️ Suitable for range traders ⚠️ Always place stop loss outside the range 🔴 Scenario 2: Bearish Breakdown (Support Break) If price confirms a daily close below support: 📉 Continuation of the bearish trend Lower targets become active Pullbacks toward the broken support may provide sell entries 🟢 Scenario 3: Bullish Breakout (Resistance Break) If price confirms a strong daily close above resistance: 📈 Short-term corrective move or potential trend shift Higher targets come into play Prefer entries after a pullback for better risk-to-reward ⚠️ Risk Management ✔️ Do not trade without confirmation ✔️ Use proper position sizing ✔️ Always wait for the daily candle close ❗ Disclaimer This analysis reflects personal opinion only and is not financial advice. All trading decisions are made at your own risk 🧠💼 📊 What’s Your View? Which side do you think USDCHF will break from the range? 🤔 🔼 Upside breakout 🔽 Downside breakdown 💬 Share your thoughts in the comments 🔖 Tags: #USDCHF #Forex #TechnicalAnalysis #PriceAction #RangeTrading #Breakout #FundamentalAnalysis #TradingView #SmartMoney #RiskManagement