The USD/CHF pair is currently in a downtrend, as indicated by the overall bearish price action. However, the chart suggests a potential reversal scenario.
Price is approaching a key H4 demand zone, which previously acted as strong support. If this level holds, a bullish move could be anticipated. The projected market structure indicates a possible pullback before a continuation upwards, aligning with the larger trend shift.
Traders should monitor price reaction within the demand zone, as a break below could indicate further downside continuation, while a strong rejection may confirm a bullish reversal.
Price is approaching a key H4 demand zone, which previously acted as strong support. If this level holds, a bullish move could be anticipated. The projected market structure indicates a possible pullback before a continuation upwards, aligning with the larger trend shift.
Traders should monitor price reaction within the demand zone, as a break below could indicate further downside continuation, while a strong rejection may confirm a bullish reversal.
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