The H4 chart of USDCHF presents a bullish setup, as price has been trading within a descending channel since the beginning of the candle window. The recent bounce from the lower channel boundary suggests a potential trend reversal. Momentum indicators, such as the Relative Strength Index (RSI), are also showing signs of a bullish divergence. Looking at the price action, we can see that the high of the last candle is testing the upper boundary of the channel, indicating a possible breakout. This, combined with the increasing volume, supports the idea of a strong bullish move. With the Instrument: USD/CHF,…

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