Harmonic Patterns
The BTC cycle that started at 84K is projected end at 114K This is a cycle update for BTC/USDT. Based on the cycle data, the cycle that started at 84K has ended at 114K. This indicates that we are now entering a new major trend breakdown in the cycle. It can take time, but when there is a new uptrend cycle, we will add.
This time frame and action made the end of the cycle that started from 84K
This could mean that btc can enter below 110K in the coming time. We have seen more times in the history of BTC that by the cycle end, the trend breaks down in steps.
Bearish reversal off major resistance?EUR/AUD has rejected off the pivot and could fall to the pullback support.
Pivot: 1.79173
1st Support: 1.77007
1st Resistance: 1.80540
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BNB in Strong Uptrend | AB=CD Pattern + Breakout SetupDescription:
#BNB is currently moving in a strong uptrend with high volume, showing no bearish signs on the chart. On the 4H timeframe, price action is forming a bullish AB=CD pattern, which strengthens the upside potential.
Trading Plan:
Waiting for a clear breakout above the resistance level
Entering long trade only after breakout confirmation
Applying strict risk management (SL below support)
High-volume breakout setups often lead to strong continuation moves.
Let’s see if #BNB can continue its bullish momentum and head towards new highs!
#BNB #Crypto #Altcoins #PriceAction #TechnicalAnalysis #Trading #ChartPatterns #CryptoTrading #Breakout #ABCDPattern #4HChart #RiskManagement
SOL/USD – Weak Below SMA200🔴 SHORT under $212 – target $205
Solana trades at $210, capped far below SMA200 ($217.6). Resistance at $217–221, support at $205. RSI at 47, neutral but unable to recover momentum. Trend remains bearish while under $217.
📖 Keywords: #SOLUSD #Solana #Altcoins #CryptoBearish
BNB/USD – Bullish Momentum Building🟢 LONG above $1,026 – target $1,035
BNB trades at $1,026, pushing above SMA200 ($1,007). Resistance sits at $1,026–1,029, support at $995. RSI at 64, trending bullish. Momentum breakout confirmed if $1,029 clears.
📖 Keywords: #BNBUSD #BinanceCoin #CryptoMomentum #AltcoinWatch
XRPUSDT: Downtrend and Future Trading StrategyHello traders, based on the chart and the latest news on XRPUSDT, the current trend is leaning towards a downtrend. The gradually decreasing resistance indicates strong selling pressure, and XRP is trading below the Ichimoku Cloud, confirming the short-term bearish trend. XRP has dropped sharply from $2.87 to $2.77 on September 23, 2025 , due to a contract liquidation event worth $1.7 billion, mainly from long positions, causing further price correction.
With resistance at $2.8900, if the price cannot break through this level, the likelihood of a further decline towards $2.6200 is high. This is the next key support level to watch. If the downtrend continues, this support zone could be tested again.
Trading Strategy: Watch for selling opportunities near the $2.8900 resistance and set a stop-loss if the price moves above this level.
Continuation of bearish momentum?GBP/CHF has rejected off the pivot and could drop to the 1st support.
Pivot: 1.0731
1st Support: 1.0651
1st Resistance: 1.0788
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPAUD BUY signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Wait for gold to rebound in the 3725-3730 range.Wait for gold to rebound in the 3725-3730 range.
Compare this to my analysis yesterday and the line chart I drew; it's very accurate.
Gold prices fell sharply today and are currently trading around $3735. However, based on support levels, gold still has room to fall.
If it were me, my current strategy would be to place a pending order and wait and see.
Buy: 3,725-3,730 (my ideal buy range)
Stop-loss: 3,720
Target: 3,760-3,770
This is because gold is likely to halt its initial pullback around $3,725.
If it falls below $3,725, gold could challenge the $3,700 mark.
A second, deeper correction is highly likely.
For now, let's consider $3,700 as the dividing line between bull and bear markets.
We must be realistic: the current decline in gold prices is not a sudden plunge, but rather a slow, gradual bottoming out. This can easily lead to selling of long positions, especially those chasing gains or bottom fishing. We recommend setting a stop-loss order before even considering a long position.
After all, a pullback is against the trend, while an upward trend is the correct path.
Going long at a low price is definitely safer than going short at a high price.
However, if the rhythm is disrupted, the losses remain the same.
Will USD/CAD Finally Respect the PRZ?Price is pressing right into a Potential Reversal Zone (PRZ) that lines up perfectly with an AB=CD completion and a long-standing resistance shelf on the 1-hour chart.
The market has been grinding higher for days, but the structure is hinting that the next decisive move may be down—not up.
Here’s why I’m interested, but still waiting for confirmation before pulling the trigger.
🔍 Technical Setup
Pair / TF: USD/CAD – 1 Hour
Trend: Short-term bullish, but extended and showing fatigue
Pattern: AB=CD harmonic completion (no other harmonic pattern)
Key Zones:
PRZ / Resistance: 1.3865 – 1.3875
Support / Trigger area: 1.3830
Structure Clue: If price breaks the latest Higher Low (HL) and prints a fresh Lower Low (LL), it signals that buyers are losing grip and sellers may step in with force.
Divergence: RSI(14) shows bearish divergence (price making higher highs while RSI makes lower highs) — a classic early-warning sign that upside momentum is fading.
🌐 Sentiment & Fundamentals
Retail Sentiment (myfxbook): 32 % short / 68 % long → majority long means there’s fuel for a quick stop-driven drop if price reverses.
USD Index (DXY): bearish bias after recent Fed remarks about a slower pace of hikes and cooling inflation signals.
CAD Index: bullish tone, supported by firm crude oil demand and a Bank of Canada still talking hawkish.
Macro Backdrop:
US–Canada 2-year yield spread has narrowed slightly, favoring CAD strength.
Crude oil holding above key supports strengthens the Canadian dollar further.
These fundamental drivers add conviction to a bearish bias if technical confirmation appears.
🛠️ Trade Plan (only if conditions trigger)
Entry (Sell Stop): 1.38308 — waiting for HL break and a clean LL close to confirm sellers in control.
Stop Loss: 1.38584 (just above PRZ and recent highs).
Target (TP1): 1.38032
Position Size: 0.5 lot (on ~USD 10 K account).
Risk/Reward: 1 : 1 (~$100 risk for ~$100 reward).
Risk Management: If price never breaks HL and instead keeps climbing, no trade is taken — capital stays safe.
🎯 Bias
Although the short-term trend is still technically up, the confluence of PRZ resistance, AB=CD completion, bearish RSI divergence, bearish USD index, and bullish CAD index keeps my bias cautiously bearish — but only with breakdown confirmation.
💡 Takeaway
This is a wait-for-breakdown idea, not a blind short.
If price slices through 1.3830, the door opens for a quick momentum drop toward 1.3810 (and possibly 1.3785 if oil strength continues).
If it doesn’t, I stay flat and safe.
💬 Share Your View
What’s your take on USD/CAD here? Drop your thoughts in the comments and let’s discuss the levels.
✅ Follow me for more trade ideas and signals — stay ahead of key setups like this one.
⚠️ Disclaimer
This analysis is for educational purposes only and does not constitute financial advice.
Trading involves risk — always do your own research and manage risk carefully. Past performance ≠ future results.
#USDCAD #forex #forextrading #fxtrader #priceaction #technicalanalysis #fundamentalanalysis #ABCDpattern #harmonicpattern #RSIdivergence #bearishdivergence #PRZ #potentialreversalzone #supportandresistance #chartanalysis #tradingsetup #tradeplan #riskmanagement #forexsignals #forexstrategy #currencytrading #majorpairs #dxy #crudeoil #canadiandollar #usdollar #tradingview #marketanalysis #daytrader #swingtrader #priceactiontrader #smartmoneyconcepts #liquiditygrab #lowerlow #higherlow #bearishsetup #shortsetup #fxsignals #forexeducation #tradewithplan #waitforconfirmation
"XAUUSD Decision Point: Watch 3777 and 3760 for Next Move"Bullish Scenario:
If price sustains above 3777, this confirms a breakout of the key resistance. The next bullish target is 3787.
Bearish Scenario:
If price holds below 3760, a bearish setup is likely. Watch for downside targets at 3764 and 3754.
Current Price: 3770.40 — Sitting between both critical levels, awaiting breakout or rejection confirmation.
Gold: still go long on pullbacksGold hit a high near 3790 yesterday, then retraced in the early morning. When prices rise a lot, everyone fears the high, but that’s no reason to short. Even with the pullback, yesterday’s big gains aren’t wiped out,so this isn’t weakness, but still strength. A rally followed by a pullback just means upward momentum slowed, not a top.
So you can wait if you fear the high: don’t chase longs or go long, but never go against the trend to short at the top. In trends, remember: follow the trend, follow the trend, follow the trend.
Today, gold tested 3750 in the morning then rebounded. Short-term momentum is still strong—no sustained pullback, and the market isn’t weak. Don’t short blindly; the bias is still long. Hold 3730, and gold will rally again. Even if 3730 breaks and it pulls back to 3700, it’s still a long chance.
Buy 3750 - 3760
TP 3770 - 3780 - 3790
SL 3745
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
USDCAD H1 | Bullish continuationUSD/CAD has bounced off the buy entry which is a pullback support and could potentially rise from this level to the upside.
Buy entry is at 1.3829, which is a pullback support.
Stop loss is at 1.3808, which is a pullback support.
Take profit is at 1.3867, which is a pullback resistance that lines up with the 161.8% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
BTC SHORTHEY GUYS
BTC has recently swept previous weeks liquidity at around 117K
made a top and also a clear weekly range candle
On the chart you can see my entry but I i were you I would open a CMP short at low leverage.
Or you can wait for the 4h FVG to get filled as you can see on the chart
My first TP is at the 50% of the range and full tp is the whole weekly range candle.
Questions? ask me in comments ;)
AUDUSD H1 | Bullish bounceThe Aussie (AUD/USD) is falling towards the buy entry which is a pullback support and could bounce from this level to the upside.
Buy entry is at 0.6607, which is a pullback support.
Stop loss is at 0.6582, which is a pullback support.
Take profit is at 0.6654, which is an overlap resistance that lines up with the 61.8% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
PENGU/USDT – at Key Zone: Major Accumulation or Breakdown Ahead?Current Situation
On the daily chart, PENGU/USDT is trading around ~0.0298 USDT, sitting directly above the critical support zone at 0.023 – 0.030 (highlighted in yellow). This zone is significant because:
It previously acted as strong resistance earlier in 2025.
Once broken in July, it flipped into key support (demand zone).
Now it’s being retested, making this area a decisive turning point.
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Price Structure & Patterns
1. Range Accumulation: After a strong rally in July–August, price is consolidating, creating a potential base.
2. Resistance Cluster: Two overhead resistances are clear:
0.03790 → first minor resistance.
0.04313 → major resistance level.
3. Breakout Potential: A daily close above 0.04313 could open the path toward the structural high at 0.072.
4. Distribution vs. Accumulation: Current range could play out either way — buyers holding the zone (accumulation) or sellers unloading before a deeper breakdown (distribution).
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Bullish Scenario (Rebound Potential)
Trigger: Daily bullish close above 0.029–0.030 with rising volume.
Short-term targets:
0.03790 → minor resistance.
0.04313 → major upside target in this range.
Mid-term target: A confirmed breakout above 0.04313 could extend to 0.072 (previous structural high).
Confirmation signals: Bullish candlestick patterns (hammer / engulfing) within the support zone would strengthen the bullish case.
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Bearish Scenario (Breakdown Risk)
Trigger: A strong daily close below 0.023 with high selling volume.
Implication: The mid-term bullish structure fails, pushing PENGU back into a downtrend.
Targets: Deeper corrections toward historical demand zones around 0.020 → 0.015 → 0.012.
Distribution signs: A series of lower highs followed by a confirmed range breakdown.
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Market Psychology
Buyers are defending the 0.023–0.030 zone, signaling potential accumulation.
Sellers are waiting for breakdown confirmation below support to trigger panic selling.
This is a make-or-break moment for PENGU — a classic battleground between bulls and bears.
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Conclusion
The 0.023–0.030 zone is the decisive level for PENGU’s next big move.
Bullish if it holds → targets at 0.0379 → 0.04313 → 0.072.
Bearish if it breaks down <0.023 → opens the door to deeper corrections.
Best approach: Wait for confirmation (daily close + volume) before committing to aggressive positions.
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#PENGU #PudgyPenguins #Crypto #Altcoins #TA #TechnicalAnalysis #CryptoTrading #PriceAction
USDCHF H4 | Bullish reversal off 38.2% Fibonacci supportBased on the H4 chart analysis, we can see that the price is reacting off the buy entry which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 0.7918, which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 0.7857, which is a pullback support that lines up with the 78.6% Fibonacci retracement.
Take profit is at 0.7987, which is an overlap resistance that is slightly above the 61.8% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
US100 Trend Watch – Critical LevelsUS100 Update
On the low time frame, US100 is consolidating around the 24,603 – 24,655 zone after rejecting higher levels.
Key levels:
24,655 – 24,603 → short-term resistance zone. A breakout and hold above would confirm bullish continuation.
24,158 → main trend support. As long as this level holds, the broader bullish structure remains intact.
Upside scenario: If price breaks and sustains above 24,655, momentum could extend further to test 25,000+.
Downside risk: If price falls below 24,603 and especially under 24,158, risk increases for a deeper pullback toward 23,800 – 23,400.
📌 Summary
Above 24,655 → bullish continuation toward new highs.
Hold above 24,158 → uptrend structure remains safe.
Below 24,158 → deeper correction risk, next support at 23,400.
RSR/USDT — Accumulation Zone: Ready Rally or Breakdown?🔎 Overview
RSR is standing at a major crossroads. After enduring a prolonged downtrend (2021–2023), the token entered a strong accumulation phase and staged a notable rally in 2024. However, throughout mid-2025, the momentum stalled and price action slipped back into sideways consolidation.
Now, RSR is testing the key support zone (0.0040 – 0.0060), a level that has repeatedly acted as a battleground between bulls and bears. The outcome here will likely dictate the next major trend.
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📊 Key Technical Levels
Primary Support (Yellow Box): 0.0040 – 0.0060 → the accumulation base.
Minor Resistance: 0.007089 → first breakout trigger.
Major Resistance: 0.009605 → confirmation of mid-term bullish momentum.
Extended Target: 0.018389 → potential rally target if sentiment flips positive.
Risk Zone: 0.001603 → historical low if breakdown occurs.
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📈 Bullish Scenarios
1. Bounce from Support (Conservative)
Price holds above 0.0058–0.006.
5D close above 0.007089 with rising volume.
Targets: 0.0096 → 0.0183.
Strategy: Enter near support, scale out profits, set SL below 0.004.
2. Aggressive Breakout
Direct breakout above 0.0096 with strong 5D candle.
Mid-term bullish confirmation.
Targeting 0.0183 with potential for a bigger swing.
📌 Narrative: If RSR holds this accumulation zone, the market could treat it as the “last cheap zone” before a stronger rally unfolds.
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📉 Bearish Scenarios
1. Support Breakdown
5D close below 0.0040 with heavy sell volume.
Likely retest of historical low at 0.0016.
Strategy: Exit longs, wait for re-entry at lower levels.
2. False Breakout
Price spikes above 0.0070 but fails to hold.
Quick rejection back into the range, signaling seller dominance.
📌 Narrative: A failed defense of this support could trigger a new capitulation phase, dragging RSR back toward extreme lows.
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🌀 Pattern & Sentiment
Current structure: range-bound accumulation.
The yellow box = decision-making zone.
Market-wide sentiment (BTC & altcoins) will heavily influence whether RSR breaks higher or falls further.
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🎯 Trading Strategies
Swing Traders: Accumulate near 0.0058–0.006 with tight SL, scale profits.
Breakout Traders: Wait for confirmed closes above 0.0070 / 0.0096.
Risk Management: Limit risk to ≤ 2–3% per trade.
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📌 Conclusion
RSR/USDT is at a make-or-break accumulation zone.
If support holds → bullish potential toward 0.0096 and 0.0183.
If support breaks → bearish risk down to 0.0016.
This is a crucial moment for both traders and holders — the yellow box will determine the next big move.
#RSR #RSRUSDT #CryptoAnalysis #SupportResistance #AccumulationZone #BullishScenario #BearishScenario #AltcoinAnalysis
USD/CHF Technical Analysis – H1, Sep 24, 2025Current Trend
The price is currently in a rebound phase after a sharp prior decline.
Short-term trend: upward correction (pullback) from the 0.7850 – 0.7860 area.
Price has broken out of the short-term ascending channel (highlighted in blue-red) and is approaching a key resistance zone around 0.7980 – 0.8000.
Key Support and Resistance Levels
Strong Support: 0.7850 – 0.7860 (previous low, acting as a short-term floor).
Immediate Resistance: 0.7980 – 0.8000 (supply zone, aligned with Fibonacci 61.8% retracement of the prior downtrend).
Next Resistance: 0.8040 – 0.8050 (previous swing high).
Technical Tools Applied
Fibonacci Retracement: drawn from the previous swing high 0.8040 to swing low 0.7850. The 0.7980 – 0.8000 zone aligns with the 61.8% retracement, making it a potential sell area.
Trendline & Price Channel: Price has exited the short-term ascending channel, indicating the recovery momentum is still present but approaching strong resistance.
Volume: Slightly increased volume on the rebound, confirming buying interest, but not yet strong. Watch for breakout or reversal signals.
Trading Strategy
Buy (Long) on Pullback:
Entry: 0.7945 – 0.7950 (current price area).
Take Profit: 0.7980 – 0.8000 (supply zone).
Stop Loss: 0.7925 (below the recent pullback low).
Sell (Short) at Resistance:
Entry: 0.7980 – 0.8000 if a reversal candle forms (e.g., bearish engulfing, pin bar).
Take Profit: 0.7940 – 0.7925 (near support zone).
Stop Loss: 0.8015 – 0.8020 (above the recent swing high).
Strategy Notes
USD/CHF is in a technical pullback phase, so trade according to pullback momentum and wait for confirmation at supply/demand zones.
Watch for US/Swiss economic news today: CPI data, Fed speeches, or SNB announcements can trigger high volatility.
Conclusion:
The short-term rebound is active but buying pressure is not yet strong enough to break the 0.7980 – 0.8000 resistance. Traders can look to buy on pullback targeting 0.7980 or sell at resistance if reversal signals appear.