USDCHF – 15-Minute Chart Analysis (April 17, 2025)

📌 Key Observations:
🔴 Supply Zone:

0.89180 – 0.89489 (approx)

Marked by the olive green box and red SL zone.

Price previously touched this zone → strong rejection → created a valid Supply Zone.

🔹Resistance Flip at 0.88800:

Clearly respected on retest after the drop.

Price came back to retest this area and failed to close above it — confirming it as a strong resistance (RTO – Return to Origin).

📉 Bearish Market Structure:

After rejecting from supply, price made lower highs and lower lows.

The recent consolidation near 0.8840–0.8850 indicates potential for another leg down.

✅ Trade Setup (Shown on Chart):

Sell Entry: Around 0.88400–0.88500

SL: Just above 0.89489 (above the last supply rejection wick).

TP: Looks to be around 0.8718 or further, possibly targeting a FVG fill or demand zone.

⚖️ Confluences Supporting the Short:
Technical Element Status
Supply zone rejection ✅ Confirmed
Bearish BOS (Break of Structure) ✅ Done
RTO at resistance ✅ Valid
Consolidation before potential drop ✅ Present
Risk:Reward ✅ Appears to be 1:4+
⚠️ Watch Out:
Agar price breaks and holds above 0.8890–0.8910, then bearish bias weaken ho sakta hai.

Aggressive NY or economic news can also spike price for liquidity grab.