From TradingView · · 30s
USD/CHF Institutional Trap
Big banks and asset managers trap USD/CHF at 0.5 Fib level.
In brief
Big banks and asset managers trap USD/CHF at 0.5 Fib level. USD/CHF faces short trade as big banks and asset managers trap price at 0.5 Fib level. Originally reported by TradingView.
Macro Picture
USD/CHF locked in long-term downtrend after relief rally from 0.8000 support.
COT Data
Big banks and hedge funds heavily net-short USD/CHF while asset managers accumulate long positions.
Technical Setup
Price testing 0.5 fib retracement level 0.84086 aligns with structural resistance.
The one thing
USD/CHF faces short trade as big banks and asset managers trap price at 0.5 Fib level.
