I am analyzing the USDCHF daily chart after Friday’s close and I am focusing on the bearish candlestick that formed near the 0.7800 area because I believe this candle carries an important reversal message. I am noting that price moved close to last year’s annual low at 0.7828 and I am interpreting this proximity as a sign that sellers are regaining long-term control. I am reviewing the four-hour Fibonacci grid and I am confirming that I already saw the first and second downside targets at 0.7898 and 0.7816 get fully completed, which I take as proof that the corrective growth phase has likely ended. I am now concentrating on the third Fibonacci extension at 0.7678 because I consider this level a realistic medium-term objective if bearish pressure continues. I am also paying close attention to the 0.8040 resistance area because I know that if I see a breakout above it, I must cancel my bearish scenario and prepare for new bullish targets instead. I am reflecting on how the entire upward movement now looks like nothing more than a technical correction, and I am increasingly confident that the broader trend is shifting back to the downside. I am considering how market instability and external narratives continue to distort price behavior, and I am reminding myself to stay disciplined rather than emotional in this environment. I am evaluating the daily close carefully because I understand that the structure of this candle will define the height and depth of the coming correction. I am discarding my old markings because I see that the market context has changed and I prefer to rebuild my analysis from fresh price action. I am preparing for a potential reversal pattern early next week because I believe momentum is aligning with structure on the daily timeframe. I am watching how sellers react around current lows because I know continuation requires follow-through volume and clean breaks. I am managing risk tightly because I recognize that false reversals are common near annual extremes. I am aligning my bias with the medium-term trend because I trust higher-timeframe signals more than intraday noise. I am staying patient and selective because I want confirmation rather than anticipation. I am concluding that USDCHF remains vulnerable to deeper declines and I am planning my trades accordingly with disciplined execution and realistic expectations.
I am analyzing the USDCHF pair this afternoon and I am not seeing any clear attempts at a reversal at the current moment, and I am convinced that the prevailing downward trend continues to confirm its stability through consistent price behavior. I am observing that the price is trading within the range of the previous session around the local 0.799 area, and I am interpreting this consolidation as a pause rather than a sign of bullish strength. I am paying special attention to the critical resistance zone at 0.793 because I see that the market has repeatedly tested this maximum and I notice that each attempt has resulted in a rejection, which I consider a strong bearish signal. I am confident that only after a decisive breakout and firm consolidation above 0.793 can I seriously consider the possibility of sustainable bullish growth. I am maintaining a medium-term selling bias because I believe the dominant structure still favors sellers and I do not see any technical confirmation that would justify abandoning this view. I am focusing on the 0.784 support level because I understand that this area represents a key barrier for further decline, and I believe that a clean break below this support would open the path toward the lower buyer zone near 0.774. I am planning my strategy carefully because I know that impulsive entries in a consolidating market often lead to unnecessary losses. I am waiting for consolidation below 0.786 before considering new short positions because I want confirmation that sellers are regaining control rather than reacting to temporary fluctuations. I am monitoring intraday candles closely because I want to see sustained pressure and not just isolated spikes. I am reminding myself that trend continuation trades require patience and discipline, especially when price hesitates near important technical levels. I am aligning my analysis with the broader bearish context because I trust higher-timeframe direction more than short-term noise. I am managing my risk strictly because I understand that reversals can form unexpectedly near major support and resistance zones. I am preparing for the possibility of deeper declines if momentum accelerates after the 0.784 level breaks. I am staying flexible in my outlook because I know that the market can quickly invalidate any scenario with a strong breakout. I am concluding that as long as price remains below 0.793 and fails to reclaim key levels, I will continue to favor selling opportunities and maintain a cautious, disciplined trading approach.
