USDCHF – A Slow Mover Showing Big Signs of Reversal 🚀

[m_c_jacob]

Although USDCHF is not the most volatile pair out there, it has been on my radar lately — especially after printing a low near 0.78, a level unseen since 2011.

Since June, the overall price action has been suggesting that we are approaching a major bottom. As shown on the daily chart, a falling wedge has developed over the past four months — a pattern that typically signals the end of a downtrend.

If we look closer, there’s even an argument for an inverted Head & Shoulders, with a descending neckline connecting the previous lower highs.
After the latest dip to 0.78, the pair bounced strongly, touched the neckline, and then consolidated for a few sessions — forming what looks like the right shoulder with a higher low structure.

Yesterday, USDCHF finally broke above the falling trendline, confirming the breakout. At this point, the odds favour a medium-term reversal.
• First target: 0.8170 zone
• Medium-term target: 0.83 area

That being said, my plan is simple:
→ Buy dips near 0.80 or slightly under, aiming for a 1:3 risk-to-reward setup.
The structure looks strong, the momentum shift is visible, and the timing couldn’t be better for a potential reversal.