The downtrend and bearish Directional Bias on the daily USD/CHF has completed a transition into a sideways, consolidation phase…but bears don’t lose faith and bulls, don’t get too excited; There is still downtrend line resistance and 0.9300 to contend with.
The other consideration must be the length of this established downtrend and the fact that the sentiment can be consider near-term neutral but longer-term bearish as the GRaB candles have yet to even plot on green (bullish) candle.
The downtrend line of the Falling Wedge could be shorted and consider using 0.9300 has the level at which the sentiment would shift to bullish.
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