USDCHF 28 Aug 2023 on the H4 timeframe, there seems to have been a trend reversal experienced by this pair at the end of last week. After experiencing a fairly good bullish towards R1, then bounced back when it almost touched R1. although still above the kumo cloud on the ichimoku indicator, it looks like the bearish signal will continue. This is also reinforced by the stochastic indicator which also displays a declining chart towards level 20. Therefore, for now go-short can be an option for traders. But still be aware of market changes that may occur.
