GBP/CHF — Dead Cat Bounce Into Supply | Bearish CHoCH Confirms SGBP/CHFOANDA:GBPCHFthefxmbrandGBP/CHF broke down sharply in mid-May from the 1.0600s to a spike low at 1.04761. The subsequent rally was not a reversal — it was a dead cat bounce back into the prior broken support, now acting as supply at 1.0569–1.0583. Price has tapped that supply zone, failed to reclaim it, and printed a confirmed bearish CHoCH on the 4H — breaking structure back to the downside. Entry: 1.0569–1.0583 — supply zone / CHoCH origin Stop Loss: 1.06165 — above supply zone high TP1: 1.05200 — midpoint / partial close TP2: 1.04817–1.04761 — full demand zone target Risk/Reward: ~3.5R to TP2 Confluences: Bearish CHoCH confirmed on 4H after supply zone rejection Broken support flipped to supply — $$$ & $$$$$ sell clusters at entry Bank of England catalyst still weighing on GBP Measured move mirrors the initial breakdown leg TP2 aligns perfectly with the established demand zone base Trade management: Take 50% off at TP1, move stop to breakeven, trail remaining position below each new lower high toward TP2. Invalidation: 4H close above 1.06165 = supply reclaimed, exit immediately.