USD/CHF The Move Everyone Will Regret Missing!Key Levels
Resistance:
1.60990 - Potential Wave 3 peak.
4.40000 - Historical resistance level from Wave (B).
Support:
0.70668 - Accumulation Phase support in Phase A.
1.11110 - Bullish Order Block (12M) and major pivot level.
Entry Plan
Primary Entry:
Place limit buys around 1.11110, aligning with the Bullish OB support zone.
Additional accumulation within the 1.00000-1.11110 range.
Trigger Confirmation:
Look for a clear breakout of 1.53990 (CHoCH MSS area) signaling trend continuation.
Stop Loss (SL)
Place SL below 1.00000, under the protected swing low of Wave 2 for added security.
Take Profit (TP)
Short-term TP: 1.53990
Mid-term TP: 1.60990
Final TP: 4.40000
Invalidation
Break below 0.70668 invalidates the bullish scenario.
Wave Structure Insight
Wave 1: Established the bullish breakout after accumulation.
Wave 2: Current retracement (LPS in Phase B).
Wave 3: Expected large impulsive move aligned with Wyckoff Phase C breakout.
Wave 4 & 5: Projected minor corrections and final upward push toward historical resistance.