USDCHF Rejects a Major PRZ — Is 0.8256 the Next Target?
USDCHF started to decline after entering the Heavy Resistance Zone at 0.8332–0.8476, reacting to the Resistance Lines and the major Potential Reversal Zone (PRZ) at 0.836–0.840.
The pair is now trading below the key 0.838 CHF level, keeping short-term bearish pressure intact.
From an Elliott Wave perspective, USDCHF appears to have completed Primary Wave 5, suggesting that a corrective sequence to the downside could now develop.
A Negative Regular Divergence (RD-) between two Consecutive Peaks provides another warning that bullish momentum may be weakening.
I expect USDCHF to potentially continue lower toward 0.8285 CHF.
If bearish momentum strengthens, the correction could extend toward 0.8256 CHF.
Trade Setup
First TP: 0.8285 CHF
Second TP: 0.8256 CHF
Stop Loss: 0.8375 CHF
Key Levels: 0.8245 | 0.8280 | 0.838 CHF
As long as USDCHF remains below the key resistance structure, the bearish scenario remains active.
Which level will USDCHF reach first?
🔴 0.8256 CHF
🟢 0.8375 CHF
#usdchf
USDCHF started to decline after entering the Heavy Resistance Zone at 0.8332–0.8476, reacting to the Resistance Lines and the major Potential Reversal Zone (PRZ) at 0.836–0.840.
The pair is now trading below the key 0.838 CHF level, keeping short-term bearish pressure intact.
From an Elliott Wave perspective, USDCHF appears to have completed Primary Wave 5, suggesting that a corrective sequence to the downside could now develop.
A Negative Regular Divergence (RD-) between two Consecutive Peaks provides another warning that bullish momentum may be weakening.
I expect USDCHF to potentially continue lower toward 0.8285 CHF.
If bearish momentum strengthens, the correction could extend toward 0.8256 CHF.
Trade Setup
First TP: 0.8285 CHF
Second TP: 0.8256 CHF
Stop Loss: 0.8375 CHF
Key Levels: 0.8245 | 0.8280 | 0.838 CHF
As long as USDCHF remains below the key resistance structure, the bearish scenario remains active.
Which level will USDCHF reach first?
🔴 0.8256 CHF
🟢 0.8375 CHF
#usdchf
