USD/CHF Sell - 15 Mins

Trading Idea: USD/CHF Sell Setup

Trade Overview:
Entry: Near 0.89462
Take Profit (TP): 0.89220 (Key Support Zone)
Stop Loss (SL): 0.89533 (Above Resistance)
Risk-to-Reward Ratio: ~3:1

Technical Analysis:
Double Top Formation:

Price has formed a Double Top near the key resistance level of 0.89480–0.89533, signaling a bearish reversal.
The second top failed to break higher, confirming strong resistance and seller dominance.
Rising Wedge Breakout:

The price broke below a rising wedge structure, a bearish pattern indicating that the uptrend is weakening.
Momentum has shifted bearish, with a decisive candle break through support.

Target Support Zone:

The TP at 0.89220 aligns with a significant demand zone and previous structural support, providing a logical target for the bearish move.

Bearish Momentum:

Recent bearish candlestick formations and rejection wicks show sellers gaining control.
Price is trading below the intraday highs, reinforcing the bearish bias.