USDCHF 4h time frame , re-test major trendline

USD/CHF – 4H Chart Analysis (Feb 28, 2025)
1. Market Structure & Trend Analysis
Break of Uptrend: The price broke below the previous ascending trendline, indicating a shift in momentum.
Descending Trendline Retest: USD/CHF is currently testing the 0.9010 resistance, which aligns with a previous support level now turned resistance.
Potential Rejection Zone: If the price fails to break above 0.9010-0.9012, we may see another bearish leg.
2. RSI & Momentum Analysis
RSI is currently at 62.70, which is near overbought conditions.
The price has bounced from the lows, but RSI suggests it is approaching a potential resistance zone.
3. Key Levels to Watch
Resistance:
0.9010 - 0.9012 (Key level where price is struggling)
0.9050 (Next resistance if broken)
Support:
0.8950 - 0.8960 (Potential demand zone)
0.8900 (Stronger support if selling pressure increases)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)

If price fails to break 0.9010, expect a rejection and continuation to 0.8950 or lower.
Short Setup:
Entry: 0.9005 - 0.9010
Stop-loss: Above 0.9030
Target: 0.8950 - 0.8900
📈 Bullish Scenario (Lower Probability)

If price breaks and holds above 0.9012, it could push towards 0.9050.
Long Setup:
Entry: Above 0.9020
Stop-loss: Below 0.8990
Target: 0.9050 - 0.9080
5. Conclusion & Strategy
Short-term bias: Bearish below 0.9010, with a possible drop to 0.8950.
Trade idea: Look for short opportunities around resistance, unless a clean breakout happens.
Risk management: Watch for fake breakouts, and adjust stop-loss accordingly.