USDCHF Bearish Rejection from Premium Zone LiquidityTarget0.8793

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Overview:
The USD/CHF 4-hour chart displays a well-defined Wyckoff Distribution pattern, suggesting a bearish continuation. Price has rejected from an extreme Premium Zone (0.8990 - 0.9050), indicating that sellers are regaining control. The market is now poised for a potential decline toward unmitigated liquidity levels near 0.8793, which serves as the next key support.

Key Technical Analysis:
Buying Climax: The market experienced an aggressive bullish move before forming a Buying Climax (BC), which trapped late buyers.
Sign of Weakness (SOW): A major SOW (Sign of Weakness) confirms bearish intent, with price struggling to sustain above key resistance.
Change of Character (CHoCH): A confirmed shift from bullish to bearish structure, reinforcing the downtrend.
Extreme Premium Zone: The rejection from 0.8990 - 0.9050 acts as a strong supply area where institutions have placed sell orders.
Liquidity Hunt & Retest: The price recently swept liquidity near 0.8990 and is now testing a previous support zone, which is likely to turn into resistance.
Trade Plan:
📌 Entry: Short near 0.8990 - 0.9000 after a retest confirmation.
🎯 Target 1: 0.8800 (Key psychological level).
🎯 Target 2: 0.8793 (Unmitigated liquidity).
🎯 Target 3: 0.8735 (Deeper bearish target).
🛑 Stop Loss: Above 0.9050 to minimize risk.

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