USDCHF: High-Probability Long Setup at H1 Demand Zone

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USDCHF
Technical Analysis:
USDCHF is exhibiting a clear bullish trend within an ascending channel. The price action is currently in a corrective phase, heading towards a significant Bullish Order Block (highlighted in yellow).

Confluence:
This zone is reinforced by the lower boundary of the channel, providing a strong structural support. I expect a reversal from this area to resume the primary uptrend.

Trade Parameters (Based on Chart):

Entry Zone: Around 0.7805 (Yellow OB).

Take Profit (TP): 0.7831 (Previous Swing High).

Stop Loss (SL): 0.7800 (Just below the structure).

Wait for a bullish rejection on the lower timeframes (1m/5m) for a safer entry.

Aviso legal

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