The price perfectly fulfills my previous idea. It hit the target. USDCHF has broken through the support level at 0.89000 and the range zone, triggering a significant drop. The market has since rallied back up to this level after impulse move down. If the price forms a rejection candle at this resistance zone, it may indicate that the downward trend is likely to continue. Given that the overall market trend is currently in a downtrend, I expect the price to either fall from this resistance level or re-test the range zone then move down. My goal is support level 0.88415
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻