The provided chart shows the USD/CHF (U.S. Dollar to Swiss Franc) currency pair on a daily timeframe. Here's a technical analysis with a focus on liquidity and the bullish trend:
1. **Market Structure**:
- The overall trend from October 2023 to January 2024 is bearish.
- A reversal occurs at the beginning of 2024, leading to a bullish trend until around May 2024.
- Since May 2024, the trend appears to be bearish again, but recent price action shows a potential reversal.
2. **Key Levels**:
- **Liquidity Levels (LQ)**: Marked at around 0.92500 and 0.91500, indicating areas where liquidity may be grabbed.
- **Order Block (OB)**: An order block is identified around 0.88100, serving as a potential support zone.
3. **Recent Price Action**:
- The price dropped to the OB level around mid-June 2024, indicating a potential area where buyers might step in.
- After touching the OB, the price shows a bullish response, indicating a potential grab of liquidity below recent lows to fuel a reversal.
4. **Bullish Reversal Signs**:
- The bounce from the OB suggests that buyers are interested in this level.
- If the price sustains above the OB and breaks above recent highs, it could confirm a bullish trend continuation.
5. **Potential Scenarios**:
- **Bullish Continuation**: If the price breaks above the recent high of around 0.90000, it may aim for the liquidity levels (LQ) around 0.91500 and 0.92500.
- **Bearish Rejection**: If the price fails to sustain above the OB and drops below it, the bearish trend may continue, targeting lower support levels.
In conclusion, the chart suggests a potential bullish reversal from the OB level, with significant liquidity levels above serving as potential targets. Traders should watch for confirmations such as a break above recent highs for a bullish continuation.