Bearish Market Structure
After the recent spike above 0.8100, the price showed clear selling pressure, rejecting the key resistance area coinciding with the 200 EMA on the 8-hour chart. This area acted as a technical barrier, generating a new lower high.
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Liquidity Sweep Already Occurred
The bullish move has already collected stops above the previous high. With liquidity removed, the downside potential increases, as institutional traders have fewer obstacles to push towards lower support.
Retail Sentiment Opposing
The latest data indicates that over 80% of retail traders are long USD/CHF. From a contrarian perspective, this condition favors bearish scenarios.
Technical Target and Demand Zones
The TP at 0.7890 is located near a significant demand area, visible on higher timeframes. It is the most likely level where the price could find support and begin a new rebound.
Risk Well Managed
The SL at 0.8148 is positioned above key resistance and any remaining stop-hunting levels, reducing the likelihood of intraday spikes.
The setup offers an attractive risk/reward ratio and directionality consistent with institutional positioning. A break below 0.8050 could accelerate the decline towards the final target of 0.7890.
Trade chiuso: obiettivo raggiunto
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✅ Precise TAKE PROFIT
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📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
If you’re looking for:
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
🚀 Join Telegram Channel: t.me/swipeuptrading
📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
🚀 Join Telegram Channel: t.me/swipeuptrading
📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.