After the hourly candle closed

Wait 5 sec.

After the hourly candle closedUSD/CHFOANDA:USDCHFBehnam290After the hourly candle closed, this quick move back to 0.7830 was exactly what sellers needed to show that the breakout is not confirmed yet. Because when the market: closes above a key H4 resistance, but immediately fails to continue higher, and quickly falls back to the breakout area, it usually means buyers still do not have full control. Right now, several things have shifted slightly in favor of your sell position: bullish momentum has slowed down, the market failed to produce strong follow-through after the H4 close above resistance, an initial rejection from the supply zone is visible, and the probability of a fake breakout has increased compared to before. This is exactly the kind of behavior often seen before either: a bearish liquidity sweep, or at least a deeper pullback. However, one important thing is still missing: Sellers still need to show real displacement. Meaning, if your TP is going to be reached, ideally you would want to see one of the following: a break below 0.7815, a strong bearish H4 candle, or the loss of the most recent Higher Low structure. Until that happens, the market is still technically inside a short-term bullish compression. But compared to the moment when the H4 candle first closed above resistance, your sell setup now looks better, because: the market has failed to properly sustain the breakout. If price remains below 0.7830 over the next few hours, the probability of a move toward: 0.7810 and then 0.7790 increases significantly. And if those levels break, the path toward your TP becomes much smoother.