USDCHF recently printed a strong bullish impulse move before facing rejection near the previous liquidity high. After tapping that area, the market started pulling back, which is a common behavior after an aggressive push.
Right now price is approaching a local structure area where demand previously showed some reaction. This level could act as a short-term support zone if buyers decide to defend the structure again.
In many cases, markets move in phases: impulse, correction, and continuation. The current move looks more like a healthy pullback rather than a complete trend shift.
If the demand area holds, the next focus will be on higher liquidity levels where price may attempt to move again. However, if support fails, the market could test lower levels before finding stronger demand.
For now, the key factor to watch is how price behaves around the current structure support.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
Right now price is approaching a local structure area where demand previously showed some reaction. This level could act as a short-term support zone if buyers decide to defend the structure again.
In many cases, markets move in phases: impulse, correction, and continuation. The current move looks more like a healthy pullback rather than a complete trend shift.
If the demand area holds, the next focus will be on higher liquidity levels where price may attempt to move again. However, if support fails, the market could test lower levels before finding stronger demand.
For now, the key factor to watch is how price behaves around the current structure support.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
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SCA Registered Analyst→Dubai
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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.
Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
Related publications
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.