CHFUSD: Massive Bear-Flag-Formation, Bearish Pressure Incoming!SWISS FRANC / U.S. DOLLARFX_IDC:CHFUSDVincePrinceHello There, welcome to my new analysis about CHFUSD on the 4-hour timeframe perspective. In recent times I have spotted major bearish signs, both fundamentally and technically. These signs should not be underestimated in any way. With my current trading approach, I am spotting fruitful trade position opportunities on both the long and short sides. Considering CHFUSD, there will be a major trade waiting around the corner once the confirmations have emerged. When looking at my chart, we can see there that CHFUSD is trading within this pivotal descending bearish trend channel. Within this channel, CHFUSD has major resistances within the upper boundary of the channel. From this upper boundary, CHFUSD already dropped several times towards the downside. Right now, we are witnessing that another drop towards the downside is setting up. Especially as CHFUSD approaches the upper boundary again, this is a crucial bearish condition. Right now, CHFUSD is also developing this major bear flag formation. Such a formation is setting up a bearish wave towards the downside with a high possibility, especially once it has been completed. Within this bear flag formation, CHFUSD has major resistance levels within the resistance cluster marked in red in my chart. Especially, the 1.28 zone is a major resistance zone. When CHFUSD pulls back towards the downside and below the lower boundary of the bear flag from here on, it will complete the whole bearish formation and set up the next bearish wave. In this manner, thank you a lot for watching! What do you think about CHFUSD right now? Let us know in the comments! VP