๐ง Professional Technical Analysis โ USD/CHF ๐ฑ
๐๏ธ Date: May 6, 2025
๐ฐ๏ธ Timeframe: Likely 4H or Daily
๐ Current Price: ~0.82218
๐ Technical Indicators
๐ต EMA 20: 0.84190 (short-term trend)
๐ด EMA 50: 0.82524 (mid-term trend)
โ Bearish crossover: EMA 20 is below EMA 50 โ short-term bearish bias ๐ป
๐ Support Zone Analysis ๐ก๏ธ
๐ฅ Key Demand Zone (Support): 0.82084 โ 0.81437
๐ Price has bounced here before ๐ช
๐ฏ๏ธ Candles with long lower wicks = buyers stepping in ๐งโโ๏ธ๐ช
๐ This is the โbounce zoneโ ๐
๐งญ Trade Idea
โ Long Entry: Around 0.82084โ0.82200
๐ Stop Loss: Below 0.81437 โ
๐ฏ Take Profit: Around 0.83600 ๐ข
โ๏ธ Risk/Reward: Excellent (>2:1) if bounce holds ๐
๐ Price Action Outlook
๐ Downtrend approaching major support
๐ฏ๏ธ Looking for bullish candlestick confirmation (engulfing, hammer, etc.)
๐ Target area aligns with mean reversion to EMA 20
๐ Conclusion
๐ Watching for bullish reversal signs ๐
๐ Buy zone is clearly defined โ
โ Setup is invalidated if price closes below 0.81437
๐๏ธ Date: May 6, 2025
๐ฐ๏ธ Timeframe: Likely 4H or Daily
๐ Current Price: ~0.82218
๐ Technical Indicators
๐ต EMA 20: 0.84190 (short-term trend)
๐ด EMA 50: 0.82524 (mid-term trend)
โ Bearish crossover: EMA 20 is below EMA 50 โ short-term bearish bias ๐ป
๐ Support Zone Analysis ๐ก๏ธ
๐ฅ Key Demand Zone (Support): 0.82084 โ 0.81437
๐ Price has bounced here before ๐ช
๐ฏ๏ธ Candles with long lower wicks = buyers stepping in ๐งโโ๏ธ๐ช
๐ This is the โbounce zoneโ ๐
๐งญ Trade Idea
โ Long Entry: Around 0.82084โ0.82200
๐ Stop Loss: Below 0.81437 โ
๐ฏ Take Profit: Around 0.83600 ๐ข
โ๏ธ Risk/Reward: Excellent (>2:1) if bounce holds ๐
๐ Price Action Outlook
๐ Downtrend approaching major support
๐ฏ๏ธ Looking for bullish candlestick confirmation (engulfing, hammer, etc.)
๐ Target area aligns with mean reversion to EMA 20
๐ Conclusion
๐ Watching for bullish reversal signs ๐
๐ Buy zone is clearly defined โ
โ Setup is invalidated if price closes below 0.81437
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.