USD/CHF Reversal Setup (Read-Caption)

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๐Ÿง  Professional Technical Analysis โ€“ USD/CHF ๐Ÿ’ฑ
๐Ÿ—“๏ธ Date: May 6, 2025
๐Ÿ•ฐ๏ธ Timeframe: Likely 4H or Daily
๐Ÿ“Š Current Price: ~0.82218

๐Ÿ” Technical Indicators
๐Ÿ”ต EMA 20: 0.84190 (short-term trend)

๐Ÿ”ด EMA 50: 0.82524 (mid-term trend)

โ— Bearish crossover: EMA 20 is below EMA 50 โ†’ short-term bearish bias ๐Ÿป

๐Ÿ“‰ Support Zone Analysis ๐Ÿ›ก๏ธ
๐ŸŸฅ Key Demand Zone (Support): 0.82084 โ€“ 0.81437

๐Ÿ” Price has bounced here before ๐Ÿชƒ

๐Ÿ•ฏ๏ธ Candles with long lower wicks = buyers stepping in ๐Ÿงโ€โ™‚๏ธ๐Ÿ’ช

๐ŸŸ  This is the โ€œbounce zoneโ€ ๐Ÿ“ˆ

๐Ÿงญ Trade Idea
โœ… Long Entry: Around 0.82084โ€“0.82200

๐Ÿ›‘ Stop Loss: Below 0.81437 โŒ

๐ŸŽฏ Take Profit: Around 0.83600 ๐ŸŸข

โš–๏ธ Risk/Reward: Excellent (>2:1) if bounce holds ๐Ÿš€

๐Ÿ”„ Price Action Outlook
๐Ÿ“‰ Downtrend approaching major support
๐Ÿ•ฏ๏ธ Looking for bullish candlestick confirmation (engulfing, hammer, etc.)
๐Ÿ“ˆ Target area aligns with mean reversion to EMA 20

๐Ÿ“Œ Conclusion
๐Ÿ‘€ Watching for bullish reversal signs ๐Ÿ”„

๐Ÿ›’ Buy zone is clearly defined โœ…

โ›” Setup is invalidated if price closes below 0.81437

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