FX.co ★ USD/CHF

1. USDCHF H4 — Overall Market Structure The USDCHF H4 chart is showing a market that has moved through several important structural phases, and the current price around 0.81124 is sitting directly around a clearly marked Resistance Level. From the chart, I can see that price previously developed a strong bullish expansion from the lower area around 0.80313–0.80478, moved through several internal highs, and eventually reached the major Swing High zone around 0.81963–0.82000. After forming that high, the market experienced a strong bearish displacement and dropped sharply toward the 0.80478 area. This large movement tells me that liquidity was taken from both sides of the market and that the pair is currently in a phase where confirmation is more important than simply predicting direction. The recent candles show recovery from the lower zone and a sequence of higher lows, but price has now returned toward the 0.81124 Resistance Level. Therefore, I would treat the present area as a decision zone rather than assuming an immediate continuation. The H4 structure gives me a broader picture: the previous bullish leg was strong, the subsequent bearish displacement was aggressive, and the latest recovery is attempting to reclaim territory that previously acted as resistance. I would therefore watch how price behaves around 0.81124 before considering the next major directional move. 2. Swing High — Major Liquidity Area The Swing High around 0.81963–0.82000 is one of the most important features visible on the chart. Price reached this area more than once, creating a clear cluster of highs. When several highs are positioned close together, I consider the area important because buy-side liquidity can accumulate above those highs. The market later rejected this region and produced a substantial bearish displacement, confirming that the upper zone acted as a strong supply area. The fact that price could not establish sustained acceptance above the Swing High tells me that sellers were highly active in that region. I would not treat 0.81963 as an ordinary resistance level; rather, I would consider it a major liquidity pool and potential area for a future liquidity sweep. If price eventually returns to this region, I would wait for a clear reaction instead of entering simply because the level has been touched before. A sweep above the previous Swing High followed by bearish displacement would be particularly meaningful because it could indicate that buy-side liquidity has been taken and that sellers are attempting to regain control. On the other hand, a strong H4 close above the Swing High would invalidate the immediate bearish interpretation and could signal a larger bullish continuation. 3. Bearish Order Block The chart identifies a Bearish Order Block in the upper region approximately between 0.81633 and 0.81798. This area is significant because it is positioned close to the previous major high and precedes the aggressive bearish movement that followed. I interpret this Bearish Order Block as a potential institutional supply area where selling pressure may appear again if price revisits it. The important point is that the market does not need to reach the exact top of the Order Block to react; price can enter the zone, take liquidity, and then produce a bearish displacement. If USDCHF moves from the current 0.81124 area toward 0.81633–0.81798, I would carefully monitor candle behavior, rejection wicks, displacement, and lower-timeframe structure. I would be especially interested in a failed bullish continuation inside the Bearish Order Block. For me, the best confirmation would not simply be price touching the zone, but price entering the zone and then showing a clear CHOCH or BOS to the downside. That would give stronger evidence that sellers are defending the area. If price instead closes strongly above the Bearish Order Block and maintains acceptance above it, I would stop treating the zone as reliable resistance and reassess the structure. 4. FVG — Fair Value Gap There are clearly marked FVG (Fair Value Gap) zones on the chart. The first visible FVG is positioned around the 0.81303–0.81468 region, while another important FVG appears lower around approximately 0.80808–0.80973. I consider these gaps important because they represent areas where price moved rapidly and left an imbalance between buyers and sellers. Markets often revisit such areas to rebalance inefficient price movement, although an FVG should never be treated as a guaranteed reversal zone. The upper FVG is particularly important because it sits between the current Resistance Level and the Bearish Order Block. If price moves above 0.81124, I would watch this upper FVG carefully. A bullish move into the FVG followed by strong continuation could indicate that buyers are attempting to reclaim higher structure. However, if price enters the FVG and immediately rejects, the area could become a useful confirmation zone for a bearish setup. The lower FVG around 0.80808–0.80973 is equally important for the opposite scenario. If the market rejects 0.81124 and begins moving downward, I would watch this FVG as a potential reaction area before expecting a deeper move toward support. 5. BOS — Break of Structure The chart contains several BOS (Break of Structure) markings, and these are important for understanding how the market transitioned from one phase into another. Earlier in the chart, bullish BOS events appeared as price successfully broke previous swing points and continued upward toward the major Swing High. These breaks demonstrated that buyers were able to take control of the short-term structure. However, the later aggressive bearish movement shows that the previous bullish structure eventually lost strength. I use BOS as confirmation rather than as an isolated entry signal. A BOS tells me that an important structural level has been broken, but I still want to understand where the break occurred, what liquidity was taken beforehand, and whether displacement supports the move. At the current price, a bullish BOS above 0.81124 would be meaningful because the market is currently testing this resistance area. If price closes decisively above the level and establishes a higher low afterward, I would consider the bullish structure more credible. Conversely, if price fails at 0.81124 and breaks the latest higher low, I would interpret that as evidence that the current recovery may be losing momentum. 6. CHOCH — Change of Character The CHOCH (Change of Character) markings on the chart highlight transitions where the market's behavior changed from one directional condition to another. I find CHOCH particularly useful here because USDCHF has already experienced a major transition from bullish expansion into bearish displacement and then into recovery. The first CHOCH areas around the lower structure demonstrate how sellers and buyers alternated control before the larger bullish leg developed. Later, the aggressive selloff from the upper region represented a much more significant change in character. In the current environment, I would look for another CHOCH on the lower timeframe if price rejects 0.81124. A bearish CHOCH after a liquidity sweep could provide stronger evidence that the current upward recovery is only a retracement. On the other hand, if price breaks above resistance and forms a bullish CHOCH after a successful retest, that would support the idea of further upside. I therefore would not use CHOCH as a prediction tool alone; I would use it as confirmation that the behavior of price has genuinely changed. 7. Bullish Order Block The lower green zone identified as the Bullish Order Block is another important area on this H4 chart. It is located around the 0.80313–0.80478 region and has already demonstrated its importance because the market reacted strongly from this lower area. The subsequent recovery from the zone indicates that buyers were able to defend the region. I consider this Bullish Order Block to be the major demand area in the current chart structure. If the market experiences another large bearish move, this is one of the first zones I would monitor for a reaction. However, I would not automatically buy simply because price reaches the Bullish Order Block. I would prefer to see a liquidity sweep, rejection, bullish displacement, and then a BOS or CHOCH confirming that buyers are returning. If the market reaches the zone and closes strongly below it, the bullish interpretation would weaken considerably. Therefore, 0.80313 acts not only as support but also as an important structural invalidation area for the broader bullish recovery. 8. Resistance Level — 0.81124 The Resistance Level at 0.81124 is currently the most important decision point on the chart because the current price is sitting almost directly around this level. Price has approached this area several times, making it a visible reference point for both buyers and sellers. I would expect increased volatility around this level because traders may be watching the same structural boundary. If price rejects 0.81124 with strong bearish candles, I would consider the possibility of a move toward the lower FVG around 0.80808–0.80973. If that FVG fails to hold, the next major downside area would be the 0.80643 region and eventually the lower Bullish Order Block. In contrast, a strong H4 breakout above 0.81124 followed by a successful retest would change my immediate outlook. In that situation, I would watch the upper FVG around 0.81303–0.81468 as the next potential target area. Therefore, I see 0.81124 as the key line separating the current range from a possible bullish expansion. 9. Support Level — 0.80313 The Support Level around 0.80313 is the major downside reference visible on the chart. It sits near the lower boundary of the Bullish Order Block and represents an area where buyers previously showed strong interest. The sharp recovery that developed from the lower region makes this level important for future analysis. If USDCHF starts falling from the current resistance, I would not immediately expect 0.80313 to be tested because the market has several intermediate areas, including the lower FVG and the 0.80643 region. However, if bearish momentum becomes strong and those intermediate zones fail, 0.80313 becomes a logical major support target. A clean H4 rejection from this support could create another bullish opportunity, particularly if price sweeps below the previous low and quickly returns above the level. Conversely, a decisive H4 close below 0.80313 would weaken the bullish structure and suggest that sellers have gained enough momentum to potentially establish a new bearish phase. 10. Current Price Action Around 0.81124 The latest candles show that buyers have managed to recover from the lower region and push price back toward 0.81124. This recovery is important because it demonstrates that demand is still present, but the reaction at resistance will tell me whether this demand is strong enough to produce a new bullish leg. I can see that price previously pushed above the resistance area around 6 August, reached approximately 0.81303, and then quickly reversed. That previous rejection gives additional importance to the current test. If buyers cannot sustain price above 0.81124, the market could remain range-bound between approximately 0.80643 and 0.81303. I would therefore avoid treating every green candle as proof of a bullish trend. Instead, I would wait for acceptance above resistance. For me, acceptance means more than a wick above the level; I would want a strong H4 close, continuation, and preferably a retest that holds as support. 11. Bullish Scenario My bullish scenario begins with a confirmed break above 0.81124. If price closes strongly above this Resistance Level and then successfully retests it, I would consider the possibility of continuation toward the upper FVG around 0.81303–0.81468. If buyers maintain momentum through that FVG, the next important area becomes the Bearish Order Block around 0.81633–0.81798. That zone could create significant selling pressure because it is located below the major Swing High. A sustained break through the Bearish Order Block would then expose the market to a possible retest of the 0.81963–0.82000 Swing High. I would personally prefer this bullish scenario only after confirmation because the current price is already at resistance. Chasing a buy directly into resistance would offer weaker structure. I would rather see the market prove that resistance has changed into support. 12. Bearish Scenario My bearish scenario starts with a rejection from 0.81124. If price produces a strong bearish candle from this area and then breaks the latest short-term higher low, I would interpret that as a potential CHOCH. The first downside area I would monitor would be the lower FVG around 0.80808–0.80973. If this FVG produces a temporary reaction but cannot hold, price could continue toward 0.80643. A deeper bearish move could eventually target the Bullish Order Block around 0.80313–0.80478. I would consider this scenario stronger if the rejection from 0.81124 is accompanied by a liquidity sweep above the resistance followed by bearish displacement. That combination would suggest that buyers were trapped above the obvious level and sellers regained control. Still, I would wait for confirmation instead of assuming that every rejection will become a major selloff. 13. Liquidity and Market Imbalance Liquidity is an important part of this chart because both the upper Swing High and lower support areas are clearly visible. Above the 0.81963 Swing High, buy-side liquidity may be concentrated, while below the major lows around 0.80313–0.80478, sell-side liquidity may exist. The market can move toward these obvious liquidity pools before choosing its next direction. The FVG zones add another layer because they show areas of imbalance created during strong price movement. I therefore would combine liquidity, FVG, Order Block, BOS, and CHOCH rather than using any single concept independently. For example, a sweep above 0.81124 followed by rejection would be more meaningful to me than a simple touch of resistance. Similarly, a sweep below 0.80313 followed by immediate recovery could provide stronger bullish evidence than a normal bounce from support. 14. My Trading Interpretation I would classify the current USDCHF H4 chart as a decision-zone market. The larger chart has strong structural evidence on both sides: the previous bullish expansion shows that buyers can create significant momentum, while the sharp bearish displacement from the upper region proves that sellers can also take control aggressively. The current recovery has brought price back to 0.81124, meaning the next move needs confirmation. My preference would be to wait rather than enter in the middle of uncertainty. If I see a bullish BOS above resistance followed by a retest, I would favor the bullish pathway toward the upper FVG and potentially the Bearish Order Block. If I see a bearish rejection and CHOCH below the latest short-term structure, I would favor the bearish pathway toward the lower FVG and potentially the Bullish Order Block. In both cases, I would define my invalidation before entering. 15. Risk Management and Final Conclusion Overall, the USDCHF H4 chart is structured around several highly visible technical areas: Swing High, Bearish Order Block, FVG, BOS, CHOCH, Bullish Order Block, Resistance at 0.81124, and Support at 0.80313. The current price is near resistance, so I would not consider the present location an ideal place to blindly chase either direction. I would wait for price to reveal its intention. Above 0.81124, sustained acceptance and a successful retest would strengthen the bullish case, with the upper FVG and Bearish Order Block becoming the next important areas. A rejection from 0.81124 followed by bearish CHOCH/BOS would strengthen the bearish case, with 0.80808–0.80973, 0.80643, and eventually 0.80313 becoming important downside zones. I personally would give the highest weight to confirmation, displacement, and retest rather than relying on a single candle. The key lesson from this chart is that levels provide location, but structure provides confirmation. I would therefore plan the trade around the reaction at 0.81124, keep risk controlled, and avoid entering simply because price reaches an FVG or Order Block. The strongest setup would come when multiple concepts align: liquidity sweep + Order Block/FVG reaction + CHOCH/BOS + confirmation candle + defined invalidation. This keeps the analysis disciplined and prevents emotional entries. This is a chart-based technical analysis, not a guarantee of future price movement; actual trades should use appropriate risk management.