Skip to content
FXFiboForex Fibonacci Chart
USDCHF4-hourBullish

USDCHF 4-hour (SMC): corrective rally from 0.8161–0.8175 toward daily supply

FXFibo editorial · · 1 min read
Summary

A bullish 4-hour CHoCH printed at 0.8186 and the 0.8128/0.8133 lows formed a double bottom. We expect a corrective rally into the daily supply zone.

BiasBullishEntry zone0.8170Stop loss0.8140Target 10.8221Target 20.8250StatusActive
Invalidation: 4-hour close below 0.8133
USDCHF 4-hour (SMC): corrective rally from 0.8161–0.8175 toward daily supply

Main scenario

  • Structure: bullish CHoCH at 0.8186 and a high at 0.8221
  • Buy zone: order block at 0.8161–0.8175
  • Targets: 0.8221 and 0.8250 (start of the daily sell zone)
  • This is a short-term trade against the daily trend

Alternative scenario

A break of 0.8133 resumes the daily downtrend toward 0.8100.

Key levels

  • Resistance: 0.8221, 0.8250, 0.8276
  • Support: 0.8175, 0.8161, 0.8133

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
Share:TelegramX
⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.