šŸ“Š USDCHF 4H — Is the price approaching the starting point

šŸ“Š USDCHF 4H — Is the price approaching the starting point

šŸ“Š USDCHF 4H — Is the price approaching the starting point

24 Aug 2026

by: Kadiri Radouane

Date: 24.Aut.2016 Current price:0.79966

Analysis on the USDCHF pair within 4 hours shows that the price has reached an important support area, with a bearish price model approaching an area from which an upward reversal movement can begin. šŸ”¹ 1. Support Area The price is currently near the blue zone around 0.7950 – 0.8000, which is the most important area in the analysis. The stability above it may give buyers a chance to regain control. šŸ”¹ 2. Price model The movement drawn in green shows a harmonious structure similar to the Wolfe Wave, where the price reached the last area of the model before the possibility of a reversal. šŸ”¹ 3. Expected scenario The drawn scenario assumes that the price may first: * Test zone 0.7950–0.8000 * Short rebound or oscillation within the region. * Then break the nearby local summit. * Then the upward movement begins towards the higher goals. šŸŽÆ The possible goal If the reflection is confirmed and the momentum is restored, an up target near 0.8200 is shown on the chart. āš ļø Important point Entering just by touching the area is not enough. It is better to wait for a confirmation signal on the smaller frame, such as a clear rejection of the area or a bullish structure, because breaking the 0.7950 and closing below it may invalidate the bullish scenario. Conclusion: The price is now in the decision zone: either maintains the support and starts building an upward reversal, or breaks the zone and postpones the scenario. So the area of 0.7950–0.8000 is the whole key to analysis

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