"Bullish Momentum Expected on USD/CHF – Watch These Levels"

7 set

Technical Analysis Of USD/CHF

1. Market Structure

The pair is moving within a descending channel, forming lower highs and lower lows. This indicates a short-term bearish trend, but the current price action suggests a possible reversal.

2. Demand Zone for Bullish Move

Price has reached the demand zone (0.7940 – 0.7960), which is a key support area. Buyers are likely to defend this level, making it an ideal zone to look for bullish confirmations.

3. Resistance and Target Zones

* First Target (Supply Zone): 0.8060 – 0.8080
* Final Target (Major Resistance): 0.8150 – 0.8170
These are the levels where price may face resistance if the bullish move continues.

4. Trendline Analysis

The downward trendline is still intact. A breakout above this line with strong bullish candles will confirm a shift from bearish to bullish momentum.

5. Trading Plan

* Entry: Wait for bullish confirmation at the demand zone.
* Targets: TP1 at 0.8060, TP2 at 0.8150.
* Stop Loss: Below 0.7930 to manage risk.

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8 set

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9 set

Trade attivo

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10 set

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1st target achieved,

12 set

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one more layer added after fake breakdown

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