USDCHF - Supply Zone in Focus

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USDCHF - Supply Zone in FocusUnited States Dollar vs Swiss FrancTICKMILL:USDCHFTheSignalystUSDCHF is currently trading around a strong supply zone, where sellers have previously stepped in and rejected higher prices. 📉 Price is now testing this key resistance area while still trading above the last minor low marked in blue. 📌 As long as the supply zone continues to hold, we will be looking for trend-following short setups. However, for the bears to fully take control and activate the sell scenario, a break below the last minor low marked in blue is needed. Such a breakdown would confirm bearish momentum and increase the probability of a deeper decline. As always, rather than selling blindly into resistance, we will wait for bearish confirmation before considering any short positions. Will sellers defend this supply zone and regain control, or will buyers force another breakout? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr