USDCHF has been trading in a downtrend within a descending channel, but recently signaled a potential reversal.
USDCHF
At the bottom of the trend, a clear Double Bottom pattern has formed — a strong reversal signal — and the neckline has been broken, confirming bullish potential.
🟢 After a clean retracement to 0.8280, price has resumed upward movement, validating the breakout.
📈 Next Resistance / Technical Target Levels:
- 0.8765
- 0.8920
- 0.9195
With structure confirming the reversal, these targets represent key resistance zones where price may react.
📌 Trader’s Insight:
This setup illustrates a textbook reversal pattern after extended bearish momentum — a powerful case for pattern-based and structure-driven traders.
🙌 Support the Community:
If you found this analysis helpful, don’t forget to like, comment, and follow for more high-quality trade ideas.
Your support means a lot and helps build a strong, impact-driven trading community.
This idea is shared for educational purposes, backed by experience and technical insights.
USDCHF At the bottom of the trend, a clear Double Bottom pattern has formed — a strong reversal signal — and the neckline has been broken, confirming bullish potential.
🟢 After a clean retracement to 0.8280, price has resumed upward movement, validating the breakout.
📈 Next Resistance / Technical Target Levels:
- 0.8765
- 0.8920
- 0.9195
With structure confirming the reversal, these targets represent key resistance zones where price may react.
📌 Trader’s Insight:
This setup illustrates a textbook reversal pattern after extended bearish momentum — a powerful case for pattern-based and structure-driven traders.
🙌 Support the Community:
If you found this analysis helpful, don’t forget to like, comment, and follow for more high-quality trade ideas.
Your support means a lot and helps build a strong, impact-driven trading community.
This idea is shared for educational purposes, backed by experience and technical insights.
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💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter. t.me/DollarsMagnet1
Premium Channel For Gold Trading.
t.me/iTradeDollar
Premium Channel For Gold Trading.
t.me/iTradeDollar
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.