FX.co ★ Jackroay | USD/CHF

USDCHF M15 — FVG + Order Block Relationship: Complete Chart Analysis 1. ORDER BLOCK (SUPPLY) — Major Selling Area According to my chart, the upper portion around the 0.8245 to 0.8253 area is clearly acting as an ORDER BLOCK (SUPPLY) region. Price repeatedly moved into this area, tested it, and then showed rejection instead of producing a sustained bullish continuation. I can see that the market first reached the upper supply area and then started producing strong bearish candles. This tells me that sellers became active when price approached the marked supply. The important point is that this area is not just a single candle reaction; the chart shows several attempts around the same region. Therefore, I would treat the ORDER BLOCK (SUPPLY) as the main resistance structure on this M15 chart. As long as price remains below this supply region, every bullish recovery should be observed carefully because the previous reaction shows that sellers have already defended this area. 2. Bearish Rejection Scenario — Supply Reaction The Bearish Rejection Scenario — Supply Reaction is visible several times on the chart. Price moved upward toward the supply area, but instead of closing strongly above it, candles started showing rejection and the market turned lower. I can see a clear sequence where price reached approximately the 0.8250 to 0.8257 region before producing a sharp bearish response. This reaction becomes important because the market later returned toward the same structural area and again failed to maintain bullish momentum. In my reading, the rejection confirms that the upper zone remains important for sellers. If price returns toward this area again, I would watch candle closes, wicks, and momentum rather than assuming an immediate breakout. A decisive candle close above the supply would change the structure, while another rejection would keep the bearish reaction scenario active. 3. SELL SIDE LIQUIDITY (SSL) — Liquidity Below Structure The chart also shows SELL SIDE LIQUIDITY (SSL) as an important part of the current structure. After the strong decline from the upper supply, price moved toward the lower region where previous lows and short-term selling pressure are concentrated. The current price is around 0.82207, while the marked horizontal level near 0.82220 is directly above the current consolidation. I can see that price has spent time moving around this lower area after the major bearish expansion. This suggests that liquidity has become concentrated around the recent lows. I would therefore watch whether price simply trades below the recent low and returns upward, or whether it accepts below the liquidity area and continues lower. A sweep followed by strong recovery would have a different meaning from a clean bearish continuation. For me, the reaction after the SSL is more important than the liquidity level alone. 4. STRONG BEARISH MOVE — Momentum Expansion The most obvious movement on my chart is the STRONG BEARISH MOVE — Momentum Expansion from the upper region toward the lower demand area. The candles become noticeably larger during the decline, showing that bearish momentum expanded rapidly. Price moved from the 0.8245 to 0.8250 region down toward approximately 0.8220 without establishing a meaningful bullish retracement in between. I consider this important because strong momentum can create FVG — Fair Value Gap Zones during the displacement. The bearish candles also demonstrate that sellers were able to push price through several short-term levels. However, after such an aggressive move, I would not automatically assume that price must continue falling immediately. The market can pause, consolidate, create a liquidity sweep, or retrace toward an imbalance before choosing the next direction. Therefore, the momentum is bearish, but the reaction around the lower demand area needs confirmation. 5. FVG — Fair Value Gap Zones Several FVG — Fair Value Gap Zones are marked across the chart, and these zones help explain the relationship between aggressive price movement and later retracement. I can see FVG areas formed during strong directional candles, particularly around the middle and right side of the chart. These gaps represent areas where price moved quickly and where the candle sequence did not show balanced trading. In my analysis, I would use these FVG zones as reaction areas rather than treating them as guaranteed reversal points. When price returns into an FVG, I would observe whether candles reject the area, close through it, or continue with momentum. The right-side FVG formed during the bearish expansion is especially relevant because it is associated with the latest strong downward movement. A retracement into that area followed by rejection could support continuation, while a strong close through it could indicate weakening bearish pressure. 6. ORDER BLOCK (DEMAND) — Major Buying Zone The lower green region is marked as ORDER BLOCK (DEMAND) — Major Buying Zone, and this is currently the most important area for judging whether sellers can continue their move. Price has already fallen sharply into this region and is now consolidating close to it. The chart shows multiple small candles around the lower area, indicating that the aggressive bearish momentum has slowed after reaching demand. I can see price moving around 0.8220 to 0.8222, with the current displayed price near 0.82207. This behavior is different from the earlier large bearish candles. Therefore, I would watch whether buyers can defend the demand zone. If bullish candles begin closing above the local consolidation, the demand zone may produce a recovery. If candles continue closing below the zone, the buying reaction would become weaker and the bearish structure could extend. 7. MSS — Break of Structure The MSS — Break of Structure is important because the chart has experienced a clear change from the earlier bullish recovery toward a strong bearish phase. Before the final decline, price was making upward movements and repeatedly testing higher areas. Later, the market failed to maintain those highs and began producing lower movements. The sharp bearish displacement provides the strongest evidence of the structural change visible on this M15 chart. I would therefore use the latest bearish structure as the main short-term reference. However, I would not treat every small candle movement below 0.82220 as a new MSS. I would prefer a meaningful candle close and follow-through. If price recovers and breaks the latest short-term high, the bearish pressure can temporarily weaken. If price remains below the broken structure and sellers continue controlling the lower highs, the bearish MSS remains relevant.

8. BOS — Break of Structure and Current Price The marked BOS (Break of Structure) near the lower part of the chart shows how price has moved through an important structural level during the bearish expansion. I can see the market breaking downward with strong candles before reaching the current demand area. This BOS is important because it confirms that the previous short-term bullish sequence has been disrupted. Current price around 0.82207 is now positioned close to the 0.82220 marked level, so the next candle closes can provide useful information. If price remains below this level and produces another bearish expansion, I would interpret that as continuation pressure. If price moves back above 0.82220 and starts forming higher lows, the BOS may begin acting as a level that price is reclaiming. Therefore, I would focus on candle closes rather than temporary intraday wicks. 9. Bullish Continuation Scenario — After Liquidity Sweep The chart also provides a Bullish Continuation Scenario — After Liquidity Sweep, particularly around the current lower demand area. Price has already experienced a substantial bearish move and is now forming smaller candles near the lows. If sellers push below the recent low but fail to maintain price below it, I would consider that a possible liquidity sweep. For a bullish reaction to become clearer, I would want to see price reclaim the nearby 0.82220 area and then develop stronger bullish candles. The demand zone would become more meaningful if price creates a higher low after the sweep. In that situation, the market could begin retracing toward the nearby FVG and previously broken structure. I would still require confirmation because a liquidity sweep alone does not guarantee a reversal. The strongest bullish evidence would be a sweep, rejection, bullish candle close, and subsequent structural recovery. 10. Bullish Continuation Scenario — BOS Above Supply The chart specifically contains the Bullish Continuation Scenario — BOS Above Supply, which represents the opposite structural possibility. If price eventually returns toward the major ORDER BLOCK (SUPPLY) and produces a decisive BOS above that supply, the previous bearish rejection structure would be challenged. I would need to see a strong candle close above the marked supply rather than only a wick penetrating the zone. After such a breakout, a retracement back toward the broken supply could become important because former resistance can become a support area. The FVG and Order Block relationship would then provide additional confirmation. Until that type of breakout occurs, I would continue treating the upper region as supply. This means that a bullish movement inside the existing range is not automatically equivalent to a bullish structural breakout. 11. FVG + Order Block Relationship The FVG + Order Block Relationship is one of the most useful concepts visible on my chart. The Order Blocks identify areas where strong reactions originated, while the FVGs identify areas created during rapid displacement. When these areas are close to one another, they can provide stronger structural context because price may react when it returns to an imbalance near an important supply or demand zone. On this chart, the upper supply is associated with the bearish reaction, while the lower demand is associated with the current stabilization. The bearish expansion also created FVG areas during the downward movement. I would therefore monitor whether price retraces into an FVG and then reacts from an Order Block. A rejection from both structures would support the existing directional movement, while a clean break through both would suggest that the current structure is changing. 12. Current Price Action — Lower Consolidation The Current Price Action is particularly important because the market has reached the lower area after a very strong decline. At approximately 0.82207, price is sitting close to the marked 0.82220 level and inside the lower demand structure. The candles here are considerably smaller than the candles during the previous bearish expansion. This shows that immediate momentum has slowed and the market is entering a decision area. I would not read this consolidation as automatically bullish or bearish. Instead, I would wait for price to demonstrate acceptance above or below the current range. A bullish close followed by higher lows would strengthen the demand reaction. A bearish close below the demand area followed by continuation candles would weaken the bullish defense. In my view, this lower consolidation is the key decision point on the current M15 chart. 13. Bearish Rejection Scenario vs Bullish Recovery At this stage, I see two clearly defined chart scenarios. In the bearish scenario, price remains below the 0.82220 region, breaks the lower demand area, and produces another STRONG BEARISH MOVE — Momentum Expansion. Such a move would indicate that the current demand reaction was unable to stop sellers. The next important observation would then be whether price creates another FVG during the displacement. In the bullish recovery scenario, price holds the ORDER BLOCK (DEMAND) — Major Buying Zone, sweeps the recent low, and then reclaims the nearby structure. I would then watch for a bullish MSS or BOS and a possible retracement toward the nearest FVG. The upper supply remains the larger resistance area, so any recovery should be evaluated step by step rather than considered a complete reversal immediately. 14. Final Outlook — Bullish Structure at Major Supply My final reading of this chart is that the major short-term structure is currently under bearish pressure, while the lower ORDER BLOCK (DEMAND) is providing an important area where the market can stabilize. The strongest bearish evidence is the sharp STRONG BEARISH MOVE — Momentum Expansion, the marked MSS — Break of Structure, and the BOS — Break of Structure visible during the decline. At the same time, I can see that price has reached the lower demand zone and started consolidating, so the next reaction is important. I would watch the 0.82220 area, the current 0.82207 price, the lower demand zone, and the nearby FVG relationship. A sustained move below demand would support bearish continuation, while a liquidity sweep followed by bullish structure recovery would support a corrective move upward. The upper ORDER BLOCK (SUPPLY) remains the major resistance reference, and only a decisive BOS above that supply would significantly change the structure shown on my chart.