USD/CHF Long: Bullish Bounce (Wave 3 Expansion Phase)U.S. DOLLAR / SWISS FRANCFX_IDC:USDCHFNouzTraderThe overall H4 structure confirms a Strong Bullish Structure trend (Higher Highs & Higher Lows). A massive preceding impulsive rally established a Higher High (HH) peak near the 0.83780 green line. USDCHF ✅ Current Price Action: At the 0.83131 price level, recent H4 candles show a very aggressive rejection of selling pressure (lower wick rejection) following a false breakout (fakeout/liquidity sweep) at the 0.82300 level. The buyers' success in pushing the price back above the psychological 0.83000 line confirms that sellers failed to maintain momentum, and the market has been reclaimed by institutional buyers (buyer absorption). -------------------------------------------------------------------------------------------------------------- ✅ Key Zones: - ⚡Resistance / Supply Zone: The 0.83400 - 0.83500 range (middle gray box / nearest local Supply Zone) and the 0.83780 green line (upper gray box / Major Supply Zone / Structural High). - ⚡Support / Demand Zone: The 0.82800 - 0.83000 range, the 0.82300 green line (Liquidity Sweep floor / Structural Higher Low), and the 0.81800 - 0.82000 range (Major Demand Zone). -------------------------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping the wave cycle movements on the H4 timeframe: 🎯Wave Structure: The impulsive rally from the 0.80800 low to the 0.83780 peak is calculated as an impulsive Wave 1 (or a macro Wave A). The rapid decline that swept liquidity at 0.82300 is identified as the completion of Wave 2 (Corrective Wave), specifically a Liquidity Grab / Running Flat Pullback type. 🎯Current Status: The V-shaped recovery from 0.82300—now at 0.83131—confirms that the Wave 2 correction has concluded, and the market is entering the initial stage of the major impulsive Wave 3 expansion. 🎯Projection: Price action is projected to continue this impulsive Wave 3 push, breaking through the local supply at 0.83400 and crossing the LVN zone to target a retest of the upper boundary of the Major Supply Zone (marked by the green line at 0.83780), with an extension target towards the 0.84000+ psychological level.