FX.co ★ Ambar Hassan | USD/CHF

On Monday, I will be closely monitoring the USDCHF pair, and my primary focus will be on the M15 support level at 0.7680, which is exactly where trading concluded this past week. I anticipate that if the pair does not break through this M15 support of 0.7680, I will expect a rebound to occur, and I will then watch for a reaction at the H1 resistance level of 0.7750. I believe that if the price fails to break through that H1 resistance, I will be looking for a reversal to the south from that point, allowing me to position myself for a potential short-term decline. I must also prepare for the alternative scenario, as I recognize that if the pair does break through the M15 support of 0.7680 on Monday, the probability of this happening is significant. In that case, I will confirm that the pair is headed for a further decline, and I will set my sights on the distant target of 0.7325, while noting that I can expect a minor correction along the way from the 0.7510 level

Furthermore, I will be equally vigilant about the resistance levels, as my trading decisions depend on them. I have determined that if the H1 resistance at 0.7750 is broken, I will interpret this as a confirmation of continued upward growth, and I will then turn my attention to the next major barrier at the H4 resistance of 0.7820. I will wait to see how the price behaves at this higher timeframe resistance, and if it is not broken, I will anticipate another reversal to the south, giving me a chance to enter a sell position. However, I must also consider the bullish possibility; if the H4 resistance at 0.7820 is decisively broken, I will confirm a much stronger growth trajectory for the pair. In that event, I will be looking toward the daily resistance at 0.8125 as my next major target, and I will adjust my strategy to align with this new upward momentum. I find that by using this structured approach, I can effectively navigate the market's movements, and I ensure that I am prepared for any breakout or reversal that might occur, allowing me to make informed and timely decisions based on the price action relative to these key levels.