USDCHF - Same Structure, Different Plays!!

🏹USDCHF has been respecting its rising wedge structure beautifully.

📈We initially bought near the lower bound of the wedge, where buyers stepped in with clear support. 📉Later on, we sold near the upper bound, capitalizing on exhaustion at resistance. Classic structure-based trading.

⚔️Now price is rotating back toward the lower bound of the rising wedge, which aligns perfectly with a well-defined support zone. This intersection is where we’ll be looking for fresh trend-following long setups, as long as price shows acceptance and bullish reaction from this area.

🏹As long as the lower wedge support holds, the bias remains for another rotation higher within the structure. A clean break below would invalidate this bullish scenario and shift the narrative.

Same chart. Same structure. Different opportunities. 🤔
Are buyers ready to defend it again?

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr