Lingrid | USDCHF Potential Bullish Move Following Level Breakout

surged from a higher low and is now retesting the broken structure near 0.802, maintaining its position within the broader upward channel. A clean bounce from this zone would confirm the bullish structure, targeting the upper channel resistance near 0.815. Pullback and higher low structure support continued upside movement with short-term consolidation possible. A breakout from the consolidation box could accelerate momentum toward the resistance area.

📈 Key Levels

Buy zone: 0.802 – 0.805
Buy trigger: Bullish confirmation above 0.805
Target: 0.815
Invalidation: Drop below 0.796

💡 Risks

False breakout near 0.805 may lead to rejection
Failure to form higher high would invalidate bullish sequence
Momentum divergence could slow rally near resistance

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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+118 pips closed

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
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