Sell Opportunity for USDCHF

Looking at UsdChf, price has been in a steady downtrend ever since it has rejected off of the monthly non-horizontal resistance level a couple of months ago. Considering the overall long-term bias for this pair is bearish, we will look to capture a short-term sell order when the opportunity presents itself.

That brings us to the 4H timeframe, where price has just recently broken market structure. A significant support level has been intentionally violated and this could show us some signs of weakness for the future. If price could retrace back to the significant support level and treat it as resistance by leaving a bearish reversal candlestick pattern, I'll look for sell opportunities at that moment. But until then, just patience.