The price perfectly fulfills my previous idea. 
USDCHF just printed a new lower low at the bottom of a wide downward channel, completing a textbook bearish leg from the triangle breakdown. The price is showing signs of local accumulation with a possible double bottom forming near 0.8078 support. If a bullish bounce holds, the next target lies near the confluence of the upward trendline and 0.8200 zone.
📈 Key Levels
💡 Risks
USDCHF just printed a new lower low at the bottom of a wide downward channel, completing a textbook bearish leg from the triangle breakdown. The price is showing signs of local accumulation with a possible double bottom forming near 0.8078 support. If a bullish bounce holds, the next target lies near the confluence of the upward trendline and 0.8200 zone.📈 Key Levels
- Buy zone: 0.8060–0.8080
- Sell trigger: breakdown below 0.8050
- Target: 0.8200
- Buy trigger: strong bullish engulfing above 0.8125
💡 Risks
- Break below 0.8050 reopens path to 0.7980
- Weak recovery could form another lower high
- Downward channel remains dominant until confirmed breakout
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade active
So if we look at the historical chart, the price went almost to the minimum and came to the lower level of the channel. I think. this is a good chance to buy - a good entry! Let's buy! 🚀
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.