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USDCHFDailyBearish

USDCHF daily (SMC): sell from the 0.8220–0.8255 order block

FXFibo editorial · · 1 min read
Summary

The daily structure is bearish after two bearish BOS at 0.8218 and 0.8192, with a low at 0.8128. The current correction is heading into supply.

BiasBearishEntry zone0.8235Stop loss0.8290Target 10.8128Target 20.8100StatusActive
Invalidation: Daily close above 0.8313
USDCHF daily (SMC): sell from the 0.8220–0.8255 order block

Main scenario

  • Structure: bearish BOS at 0.8218 and 0.8192
  • Sell zone: order block at 0.8194–0.8255 and bearish FVG at 0.8255–0.8276
  • Targets: 0.8128 and the bullish FVG at 0.8110–0.8124

Alternative scenario

Holding above 0.8313 invalidates the bearish structure and opens 0.8380.

Key levels

  • Resistance: 0.8221, 0.8255, 0.8313
  • Support: 0.8128, 0.8110, 0.8085

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.