USDCHF — Rally Into Structure, Short the Retest?

USDCHF has been overall bearish on the 4H, sliding inside a falling channel. After a bounce, price is rotating back into the 0.798–0.802 structure zone, right at the channel’s upper bound.

This confluence is key 🔑. If sellers react here, I’ll look for rejection shorts toward 0.790 first, then 0.785–0.780 near the channel floor. A clean 4H close and hold above 0.802 would invalidate the idea and expose 0.806–0.810 next ⏳.

What’s your plan => fade the rally at supply, or wait for confirmation before jumping in? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr