USDCHF| Supply in Control-Watching for Continuation to Downside

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On higher timeframes, price maintained a bullish formation, showing steady continuation for several weeks. As we approached mid-timeframe premium levels, price reacted cleanly to a supply zone, creating the first signs of exhaustion within the bullish leg.

From that reaction, I began closely monitoring structure. As price tapped into the mid-timeframe order block, we refined the view on lower timeframes and caught a clear CHoCH — a break of the prior higher low. That structural break confirmed a shift in momentum, and price responded with a strong drop.

After taking buy-side liquidity, price mitigated our lower-timeframe order block, setting the stage for another potential leg down once markets open. I’m not expecting an extreme or volatile selloff, but rather a controlled, gradual move to the downside.

The main focus now is to see 5-minute lows breached, which would reset structure and open continuation opportunities toward 30-minute and higher-timeframe lows.
Until then, we remain patient — simply watching and monitoring for clean confirmation before engaging again.

Let’s stay locked in and let smart money show its hand. ⚡️

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