FX.co ★ USD/CHF

USDCHEM H1 — FVG + Order Block Relationship, Market Structure and Liquidity Analysis 1. FVG + Order Block Relationship On my chart, the overall H1 structure shows a clear bullish expansion from the lower trading area toward the major supply region. Price spent considerable time developing higher lows and gradually pushing upward before the strongest bullish move appeared around 16 Sep. The important relationship on this chart is between the FVG zones and the Order Block areas. During the earlier bullish progression, several FVG zones developed underneath price, showing areas where the move expanded quickly and where price may later react if it retraces. The chart also identifies an ORDER BLOCK (DEMAND) near the lower region, which acts as a major buying zone underneath the established bullish structure. Above the current market area, the ORDER BLOCK (SUPPLY) represents an important resistance zone. Therefore, I see the chart as a structure where demand supported the upward movement, FVGs were created during expansion, and price eventually reached a major supply area. The current location is important because price is no longer trading in the middle of the previous bullish leg; it is now positioned beneath and around the lower boundary of the highlighted supply structure. 2. ORDER BLOCK (DEMAND) — Major Buying Zone The ORDER BLOCK (DEMAND) shown on my chart is located in the lower portion of the structure, approximately around the 0.8110–0.8127 area. This zone is important because it sits underneath the entire sequence of bullish price development visible from 10 Sep onward. Price initially reacted from this lower region and then developed a series of higher highs and higher lows. I would therefore treat this demand area as the deeper structural support zone on the chart rather than a short-term intraday level. The candles above it demonstrate that buyers were able to maintain upward pressure for several sessions. The distance between the demand block and the current 0.82207 area also shows how much bullish expansion occurred before price reached the upper region. If price eventually retraces deeply, this ORDER BLOCK (DEMAND) becomes relevant because it represents the origin area associated with the broader bullish development. However, the chart itself does not show price currently testing this zone; therefore, the immediate H1 decision is occurring much higher, around the liquidity and supply area. 3. MSS — Break of Structure The MSS marked on my chart appears during the earlier bullish development around the 11–12 Sep region. Before this point, price was progressing upward but remained relatively compressed. The MSS marking highlights a transition where price started demonstrating stronger bullish structural behavior. After this shift, the chart continued producing higher levels, followed by additional consolidation and expansion. This is important because the later bullish movement was not an isolated candle; it developed after a broader structural progression. I can see the market building upward from approximately the 0.8120 region toward 0.8180 and then continuing higher. The MSS therefore provides structural context for the bullish side of the chart. It also helps explain why the lower FVG and demand areas remain important. As long as the broader sequence of higher lows remains intact, the bullish structure established after the MSS remains visible. The current reaction near supply should consequently be evaluated separately from the earlier MSS because the market has already traveled a significant distance from that initial structural transition. 4. BOS — Break of Structure The BOS marked around the middle of the chart provides another confirmation of the upward structural development. Price moved through a previously established structural area and continued forming higher levels. What stands out is that the market did not immediately collapse after this BOS. Instead, it continued consolidating around the 0.8170–0.8195 region before producing the large bullish momentum expansion on 16 Sep. This gives the BOS additional importance within the sequence because it sits between the earlier MSS and the later expansion. I read this progression as MSS, continued structural development, BOS, consolidation, and finally strong bullish expansion. The chart therefore contains several stages rather than one single bullish event. At the same time, BOS does not automatically mean that price must continue upward without reaction. Once price reaches a major supply region, the previous bullish structure can encounter selling pressure. For my chart, the BOS establishes the historical bullish structure, while the current supply area determines whether that structure can continue into a fresh expansion. 5. FVG — Fair Value Gap Zones Several FVG — Fair Value Gap Zones are clearly marked across the bullish structure. These blue zones appear beneath or around the previous price expansions and represent areas created during fast directional movement. The first important FVG appears around the earlier bullish advance, while additional FVG zones developed around the 0.817–0.820 region. Another FVG is visible closer to the large bullish expansion and current price area. I consider these zones important because they show where price moved with strong directional momentum rather than trading in a balanced manner. The chart demonstrates that the bullish move created multiple areas below current price. If the market retraces, these FVG zones can become reference points for reaction. However, not every FVG necessarily has to be filled completely. Their importance depends on the surrounding structure, candle reaction, and relationship with the nearby Order Block. In my reading, the FVGs collectively illustrate the strength of the previous bullish expansion and provide several possible reaction areas underneath the current market. 6. STRONG BULLISH MOVE — Momentum Expansion The most obvious feature on my chart is the STRONG BULLISH MOVE — Momentum Expansion around 16 Sep. Price had been consolidating around approximately 0.8180–0.8195 before a very large bullish candle drove the market sharply higher. This candle represents a substantial expansion compared with the smaller candles immediately before it. The move pushed price through the previous consolidation area and directly toward the upper supply region. I see this as the strongest evidence of bullish momentum on the entire H1 chart. The important point, however, is that strong momentum and immediate continuation are not exactly the same thing. After the expansion, price entered a much narrower range near 0.8230–0.8260 instead of continuing vertically. This change from expansion to consolidation tells me that the market reached an area where two-sided activity increased. The strong bullish candle therefore remains an important reference candle, while the subsequent sideways action tells me that the market is now processing that expansion near major resistance. 7. SELL SIDE LIQUIDITY (SSL) The SELL SIDE LIQUIDITY (SSL) line shown across the chart is positioned close to the 0.82207 area. This level is particularly important because it sits below the upper consolidation and below the major supply zone. Price is currently around this area, meaning the relationship between SSL and the candles above it deserves close attention. The chart shows that after the large bullish expansion, price remained above this level for a significant period. There were several downward reactions from the upper region, but the market continued to trade around the 0.8230–0.8250 area. If price moves below SSL, I would watch whether that move becomes a genuine structural breakdown or simply a liquidity sweep followed by recovery. A temporary move beneath SSL followed by a strong bullish rejection would tell a different story from sustained H1 closes below the level. Therefore, I would not interpret a simple wick through SSL as sufficient evidence by itself. The candle closing behavior around 0.82207 is more important for understanding whether the current structure is weakening.

8. ORDER BLOCK (SUPPLY) The ORDER BLOCK (SUPPLY) is the major upper zone highlighted around the 0.8233–0.8250 region. This is the most important resistance area on my chart because the large bullish expansion entered directly into this zone. After reaching it, price did not immediately break cleanly above it. Instead, the candles began moving sideways with several upper wicks and repeated reactions around approximately 0.8250–0.8260. This behavior shows that the supply region is actively interacting with price. I therefore see the supply block as the principal decision zone of the current H1 structure. A bearish reaction from this area could send price back toward SSL and the lower FVG zones. On the other hand, sustained bullish closes through the upper boundary would change the immediate structure and bring the BOS Above Supply scenario into focus. I would therefore keep this ORDER BLOCK (SUPPLY) clearly separated from the deeper demand zone because they represent opposite sides of the chart's current structural range. 9. Final Outlook — Bullish Structure at Major Supply The Final Outlook shown on my chart identifies a bullish structure currently positioned at major supply. This is an important distinction. The broader structure remains bullish because price has advanced from the lower demand area, created MSS and BOS developments, formed multiple FVGs, and then produced a strong momentum expansion. However, the current location is no longer an early-stage bullish entry area. Price has already reached the major supply region. I therefore see two conditions existing simultaneously: the historical structure is bullish, while the current location is a resistance-sensitive area. The chart should not be interpreted simply as “bullish everywhere.” Instead, the bullish structure needs confirmation through the supply boundary. I would use the candles around the upper zone and the relationship with SSL to determine whether the market is preparing for continuation or a deeper retracement. For me, this makes the current H1 area a decision point rather than an ordinary continuation area. 10. Bearish Rejection Scenario — Supply Reaction The Bearish Rejection Scenario on my chart begins if the ORDER BLOCK (SUPPLY) continues to reject price. Several candles near the upper region already show hesitation, including upper wicks and downward reactions. A stronger bearish reaction would become more meaningful if price moves away from supply, breaks below the immediate consolidation structure, and begins closing beneath important nearby levels. In that situation, SSL around 0.82207 becomes an important reference because it is directly below the current trading area. A sustained move beneath SSL could expose the FVG zones located lower on the chart. I would then monitor whether those FVG areas generate bullish reactions or whether price continues toward deeper structural support. The bearish scenario does not necessarily mean that the entire larger bullish structure has immediately reversed. Instead, it can initially represent a retracement from supply. The distinction between a normal retracement and a deeper structural change should be based on subsequent H1 candle closes and the way price interacts with the marked FVG and demand areas. 11. Bullish Continuation Scenario — BOS Above Supply The Bullish Continuation Scenario shown on my chart requires price to establish a BOS Above Supply rather than merely wick above the upper zone. This distinction is important because the current supply region has already produced several reactions. If price pushes through the supply boundary with strong bullish candles and then holds above the broken area, the previous resistance can become a new structural reference. The large bullish momentum candle from 16 Sep demonstrates that the market is capable of strong expansion, but the continuation scenario needs fresh confirmation after the supply interaction. I would specifically watch for a decisive H1 close above the supply area followed by price maintaining that level rather than immediately returning underneath it. If such behavior appears, the bullish structure would be extending beyond the current major supply. The chart's green continuation annotation therefore represents a conditional structural path: price must demonstrate acceptance above supply rather than relying only on an intrabar spike. 12. Current Price Action — 0.82207 and Upper Consolidation Current Price Action is centered around the marked 0.82207 level, while the recent candles remain concentrated considerably higher around the 0.8230–0.8250 region. This creates an important gap between the SSL reference and the upper consolidation. The market previously expanded strongly upward, but after reaching the supply area it entered a sideways phase. I see this as a compression area following momentum expansion. The repeated movement between approximately 0.8230 and 0.8255 shows that price has not yet established a clean directional resolution from this range. The latest candles on the right side continue to interact with the upper area while remaining above the marked SSL level. I would therefore focus on candle closes rather than individual wicks. A recovery and sustained push back into the upper supply boundary would keep the continuation scenario active, while repeated rejection followed by acceptance below SSL would increase the relevance of the lower FVG zones. The 0.82207 level is therefore an important dividing reference in the current chart structure. 13. Relationship Between Momentum, FVG and Supply The relationship between the STRONG BULLISH MOVE, FVG zones and ORDER BLOCK (SUPPLY) is one of the clearest features of this chart. The bullish momentum expansion created a rapid displacement from the previous consolidation into the upper region. Such expansion left FVG areas behind, while price eventually reached an opposing supply zone. This creates a logical sequence on the chart: accumulation around lower levels, gradual bullish structure, BOS development, momentum expansion, FVG creation, and then supply reaction. I would not isolate any one terminology from the others. The FVGs explain areas created during fast movement, the Order Block identifies important supply and demand regions, MSS and BOS describe structural transitions, and SSL identifies a liquidity reference beneath current price. Together, these elements create a complete technical framework for interpreting the chart. If price retraces, the FVGs become important reaction areas; if price rejects supply, the bearish scenario becomes relevant; if price breaks and holds above supply, the bullish continuation structure becomes the focus. 14. H1 Structural Conclusion Overall, my H1 chart presents a strong bullish structural journey that has now reached a major supply decision zone. The move from the ORDER BLOCK (DEMAND) through the MSS and BOS areas, followed by multiple FVG formations and the STRONG BULLISH MOVE — Momentum Expansion, demonstrates how price progressed upward across the chart. However, the current position near ORDER BLOCK (SUPPLY) means that the market is now facing a different technical environment. I would keep 0.82207 and the SELL SIDE LIQUIDITY (SSL) as important lower references, while the upper supply zone remains the key resistance area. The Bearish Rejection Scenario depends on continued supply reaction and subsequent weakness through nearby structure, while the Bullish Continuation Scenario depends on a confirmed BOS Above Supply. Between these two scenarios, the FVG zones provide intermediate reference areas for any retracement. In my view of the chart, the broader H1 structure remains visibly bullish, but the next meaningful confirmation has to come from price behavior around the major supply rather than from the earlier bullish move alone.