USDCHF at Key Support Zone – Potential Rebound to 0.89000

7 Mac

USDCHF has reached a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.

If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 0.89000, a logical target based on previous market structure and price behavior.

However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.

Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!

7 Mac

Dagangan aktif

27 Mac

Nota

At this point, according to my rules it would be smarter to close on BE here. Sure, it can still go up though but for me it's done here. Onto the next