USDCHF Analysis, May 27, 2025
USDCHF on the M15 time frame reflects impulsive and corrective movements, which are usually found in a healthy trend structure. After a strong breakout upwards, there are early signs of a small correction in the form of a candle with a small body and an elongated upper wick, indicating temporary resistance around the 0.8270 area.
This long wick indicates that although buyers are trying to push the price higher, sellers are starting to show resistance in this area. This opens up the opportunity for a retracement to the newly formed support zone, which is marked with a green block on the chart, around 0.8240?0.8255.
Buy in the 0.8240?0.8255 area, Stop Loss below the support zone, around 0.8225. Take Profit at the price of 0.8270