USDCHF 4H SHORT IDEAOn the USDCHF 1D chart, after moving in a range and making a 3-touch rejection, the price broke out of a higher timeframe channel and pulled back before dropping further, breaking below the previous key level at 0.89105. Now, it is pulling back again.
Since the trendline zone, key level, and Fibonacci 0.618 align at this point, I am planning to open a sell position.
I will wait for price action confirmation on the 15M-30M timeframe before entering.