USDCHF Channel Resistance Rejection | Bears Target 0.7880 & 0.77

#USD/CHF#

📊 USDCHF (1H Timeframe)

🔍 Analysis:
• Price is trading inside a rising channel ✅
• Market has reached the upper channel resistance zone
• Multiple rejections from resistance suggest weakening bullish momentum
• A pullback toward lower support levels is possible before the next bullish move

🎯 Bearish Targets:

✅ TP1: 0.7880 (1st Support)
✅ TP2: 0.7795 (2nd Support)

📌 Resistance Zone:
0.7980 – 0.8000

🛑 Stop Loss:
Above 0.8010

🚀 Trade Idea:
SELL on rejection from the channel resistance zone.

📈 Outlook:
As long as USDCHF remains below 0.8000, sellers could push price toward 0.7880 first and then 0.7795.