We’re closely watching USD/CHF, which has been in a bearish trend but is now showing strong signs of a bullish reversal.
A bullish divergence has formed, and the price has reached the Potential Reversal Zone (PRZ) as projected by the AB=CD harmonic pattern. This suggests that the trend may already be reversing.
Additionally, Myfxbook sentiment shows 93% of retail traders are long, reinforcing overall bullish bias. However, for confirmation, we’re waiting for a breakout above the last lower high (LH) to ensure a shift in structure before entering.
🔹 Pair: USD/CHF
🔹 Timeframe: 1H
🔹 Trend: Bearish (reversal expected)
🔹 Divergence: Bullish
🔹 Harmonic Pattern: AB=CD (PRZ hit)
🔹 Sentiment: 93% Long (Myfxbook)
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 0.79463
🔹 Stop Loss: 0.78693
🔹 Take Profit 1: 0.80233
🔹 Lot Size: 0.20
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Entry will be triggered only after the breakout of the previous LH, confirming a shift to bullish structure and validating the harmonic reversal.
📌 #USDCHF #ABCDPattern #BullishDivergence #HarmonicTrading #TrendReversal #SmartMoneyMoves #BreakoutSetup #TechnicalAnalysis #PriceAction #ForexSignals #RiskManagement #1HChart #ForexTradeIdeas
A bullish divergence has formed, and the price has reached the Potential Reversal Zone (PRZ) as projected by the AB=CD harmonic pattern. This suggests that the trend may already be reversing.
Additionally, Myfxbook sentiment shows 93% of retail traders are long, reinforcing overall bullish bias. However, for confirmation, we’re waiting for a breakout above the last lower high (LH) to ensure a shift in structure before entering.
🔹 Pair: USD/CHF
🔹 Timeframe: 1H
🔹 Trend: Bearish (reversal expected)
🔹 Divergence: Bullish
🔹 Harmonic Pattern: AB=CD (PRZ hit)
🔹 Sentiment: 93% Long (Myfxbook)
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 0.79463
🔹 Stop Loss: 0.78693
🔹 Take Profit 1: 0.80233
🔹 Lot Size: 0.20
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Entry will be triggered only after the breakout of the previous LH, confirming a shift to bullish structure and validating the harmonic reversal.
📌 #USDCHF #ABCDPattern #BullishDivergence #HarmonicTrading #TrendReversal #SmartMoneyMoves #BreakoutSetup #TechnicalAnalysis #PriceAction #ForexSignals #RiskManagement #1HChart #ForexTradeIdeas
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.