The formation of bearish candlesticks suggests a potential move

This analysis is focused on the USD/CHF currency pair, highlighting a potential bearish setup using price action and support/resistance zones.

Key Observations:
Resistance Zone: The price is currently reacting within a highlighted resistance zone (purple rectangle) near 0.91680, where selling pressure is evident after multiple rejections.
Bearish Bias: The formation of bearish candlesticks suggests a potential move lower from this resistance area.
Target Zone: A lower support zone around 0.91350 is identified as a possible target for this bearish move. This level aligns with prior consolidation, where buyers may attempt to regain control.
Trade Idea:
A short position could be initiated near the current resistance zone (0.91680) with an initial target around 0.91350.
A deeper move might occur if bearish momentum increases, potentially breaching the lower support zone.
Risk Management: Place a stop-loss above the resistance zone, ensuring proper risk-to-reward is maintained.