USDCHF Technical Analysis – Potential Rejection from Resistance
🔍 Chart Overview:
Current Price: 0.80456
Resistance Zone: 0.80760 – 0.81009
Support Zone: 0.79000 – 0.79236
Price Action: The pair has rallied into a strong resistance zone but is showing signs of exhaustion.
📌 Key Observations:
Volume Profile Insight:
Price has entered a low-volume area near resistance, indicating potential weakness in demand above 0.80800.
Resistance Rejection:
Price tested the 0.80760–0.81009 resistance range and failed to break through decisively.
A potential fake breakout or bull trap could be forming.
Bearish Projection:
If price confirms rejection from resistance, we may see a drop toward the support zone (0.79000 – 0.79236).
This would complete a classic resistance-to-support rotation.
Bearish Confirmation:
A bearish candle formation or break below 0.80350 can trigger short entries.
Ideal risk-reward favors a short setup here.
📉 Trade Plan (Educational Purpose Only):
Entry Zone: 0.80750 – 0.80950
Stop Loss: Above 0.81100
Take Profit Target: 0.79250
Risk-Reward: Approx. 1:2.5
🔻 Summary:
USDCHF is trading near a major resistance zone with weak bullish momentum. If confirmed, a sharp reversal toward support is expected, making this a potentially strong short opportunity.
🔍 Chart Overview:
Current Price: 0.80456
Resistance Zone: 0.80760 – 0.81009
Support Zone: 0.79000 – 0.79236
Price Action: The pair has rallied into a strong resistance zone but is showing signs of exhaustion.
📌 Key Observations:
Volume Profile Insight:
Price has entered a low-volume area near resistance, indicating potential weakness in demand above 0.80800.
Resistance Rejection:
Price tested the 0.80760–0.81009 resistance range and failed to break through decisively.
A potential fake breakout or bull trap could be forming.
Bearish Projection:
If price confirms rejection from resistance, we may see a drop toward the support zone (0.79000 – 0.79236).
This would complete a classic resistance-to-support rotation.
Bearish Confirmation:
A bearish candle formation or break below 0.80350 can trigger short entries.
Ideal risk-reward favors a short setup here.
📉 Trade Plan (Educational Purpose Only):
Entry Zone: 0.80750 – 0.80950
Stop Loss: Above 0.81100
Take Profit Target: 0.79250
Risk-Reward: Approx. 1:2.5
🔻 Summary:
USDCHF is trading near a major resistance zone with weak bullish momentum. If confirmed, a sharp reversal toward support is expected, making this a potentially strong short opportunity.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
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.