AUDCHF - Bearish Swing Structure

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AUDCHF - Bearish Swing StructureAUD/CHFOANDA:AUDCHFMr3PercentMarket Context: AUDCHF is trading in a clean higher-timeframe Bearish Swing Structure, printing a consistent sequence of Lower Highs (LH) and Lower Lows (LL) following clear Market Structure Shifts (CHOCH/BOS). After the recent leg down, price initiated a corrective pullback into a key Fibonacci premium zone, where it is facing structural resistance. Technical Analysis: Fibonacci Confluence: Plotting the Fibonacci retracement from the recent Swing Lower High to the Lower Low shows that price faced a strong rejection right at the 0.618 Golden Zone. This level acts as an optimal entry area for institutional sellers. Momentum Verification: On the 1H timeframe, as the counter-trend move completed, a prominent Bearish RSI Divergence developed, confirming that the corrective buying momentum has completely faded. Structure Defense: Price has protected the higher-timeframe swing structure at the 0.618 level and is preparing for the next impulsive expansion phase lower. Trade Plan: Entry Point: Short entry position taken upon price rejection at the 0.618 Fibonacci level. Stop Loss (SL): Placed strictly above the previous Lower High (LH) structure at 0.58577 for complete invalidation protection. Target (TP): Targeting the major liquidity pool at the previous Lower Low (LL) at 0.57284.