EUR/CHF remains in an overall uptrend, but the latest price action is showing signs of exhaustion after reaching a major resistance zone around 0.9312–0.9315. Price has failed to make a sustained breakout and is now forming a potential lower high.
Technical Analysis
Strong Resistance: Price is rejecting the upper supply zone near 0.9312, where sellers have repeatedly entered.
Change of Character (CHoCH): The chart shows multiple CHoCH signals, suggesting bullish momentum is weakening.
Rising Channel Breakdown: Price has already broken below the ascending channel, indicating the previous bullish structure is no longer intact.
Liquidity Sweep: The recent push above previous highs appears to have swept liquidity before reversing, a common smart-money bearish setup.
Ichimoku Cloud: Price is hovering around the cloud resistance, and failure to hold above it favors further downside.
Bearish Scenario
A rejection below 0.9312 increases the probability of a decline toward:
First Target: 0.9297 (cloud support)
Second Target: 0.9280 (strong low/support)
Final Target: 0.9262–0.9265 (highlighted demand zone)
This aligns with the projected bearish move shown on the chart.
Invalidation
The bearish outlook becomes invalid if buyers achieve a strong close above 0.9315 and maintain price above that resistance. Such a breakout could resume the broader uptrend.
Trading Plan
Bias: Bearish
Entry: Wait for bearish confirmation or rejection around 0.9310–0.9313
Stop Loss: Above 0.9315
Take Profit 1: 0.9297
Take Profit 2: 0.9280
Take Profit 3: 0.9262
Overall Bias: The chart favors a short-term bearish correction after a liquidity grab at resistance. Unless buyers reclaim and hold above 0.9315, sellers have the advantage toward the 0.9260 demand zone.
Technical Analysis
Strong Resistance: Price is rejecting the upper supply zone near 0.9312, where sellers have repeatedly entered.
Change of Character (CHoCH): The chart shows multiple CHoCH signals, suggesting bullish momentum is weakening.
Rising Channel Breakdown: Price has already broken below the ascending channel, indicating the previous bullish structure is no longer intact.
Liquidity Sweep: The recent push above previous highs appears to have swept liquidity before reversing, a common smart-money bearish setup.
Ichimoku Cloud: Price is hovering around the cloud resistance, and failure to hold above it favors further downside.
Bearish Scenario
A rejection below 0.9312 increases the probability of a decline toward:
First Target: 0.9297 (cloud support)
Second Target: 0.9280 (strong low/support)
Final Target: 0.9262–0.9265 (highlighted demand zone)
This aligns with the projected bearish move shown on the chart.
Invalidation
The bearish outlook becomes invalid if buyers achieve a strong close above 0.9315 and maintain price above that resistance. Such a breakout could resume the broader uptrend.
Trading Plan
Bias: Bearish
Entry: Wait for bearish confirmation or rejection around 0.9310–0.9313
Stop Loss: Above 0.9315
Take Profit 1: 0.9297
Take Profit 2: 0.9280
Take Profit 3: 0.9262
Overall Bias: The chart favors a short-term bearish correction after a liquidity grab at resistance. Unless buyers reclaim and hold above 0.9315, sellers have the advantage toward the 0.9260 demand zone.
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.