Good day. On the 4-hour chart, the US Dollar/Swiss Franc is trading in a bearish trend, while the price is below the Ichimoku cloud, indicating a downside momentum. This means you can enter a short position. The Stochastic indicator is in the support zone. In recent trading sessions, the pair continued to move south and is currently trading below the pivot at 0.8972. I assume that the decline will continue already from the current levels, a break of the support level of 0.8851 will lead to a new wave of decline in the pair and the continuation of movement in a southerly direction below the support line near the level of 0.8772. As an alternative scenario, the price could reverse and continue rising to retest the resistance level at 0.9059. Before making an entry decision, be sure to take into account the general trend of market preferences and the trend, do not trade against it.
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