USDCHF: Risky Reversal Play with Significant Upside PotentialUSD/CHFOANDA:USDCHFBravetotradeDouble Top This pair formed a notable double top around 1.00600 during the latter part of 2022 before opening gates for a prolonged decline, eventually reaching 0.83326 roughly a year later. The Trading Range Throughout 2024, price action was largely confined to a broad trading range, roughly between 0.83900 and 0.92250. That balance was finally disrupted in April 2025 when the lower end of the range was taken out, triggering another leg lower that carried the pair down to 0.76038 in January 2026. Early Change in Character Since those January lows, however, the character of the chart has begun to improve. The pair has managed to establish a higher low followed by a higher high on the weekly timeframe, often one of the earliest signs that sellers are losing control and a trend reversal may be taking shape. Inverted Head and Shoulders The structure also bears a strong resemblance to an inverted Head & Shoulders pattern, with the neckline already broken to the upside. While no pattern guarantees success, this is typically viewed as a constructive development and suggests that buyers are becoming increasingly willing to absorb supply at higher prices. Flipping Role Concept An equally important technical factor is the concept of support and resistance role reversal. The former range floor near 0.83746, which previously acted as support before the breakdown in 2025, is now likely to be watched as a key resistance zone. Markets frequently revisit such levels as participants reassess value, and if price can reclaim and hold above that area, it would strengthen the case for a broader recovery. Such former resistance levels, once taken out, can also flip into support providing a foundation for further advances. The Trade's Potential For traders willing to take a contrarian stance, this presents an interesting, albeit higher-risk, reversal opportunity. Initial upside potential lies towards the previous range boundary around 0.83746, while a successful reclaim of that level could open the door to a move towards 0.92244. Protection Given the early-stage nature of the reversal, risk management remains crucial. A logical protective stop would sit below the most recent higher low at 0.77618, as a break beneath that level would undermine the developing bullish structure. What is your take on this pair? Do comment and boost for more ideas in future.