USD/CHF: Navigating the Sideways Structure for a Position Short

Technical Structure and Entry Rationale

The USD/CHF pair currently exhibits a clear sideways trend, fluctuating within a defined range. With the current price at 0.87997, we observe the pair trading near the upper end of its recent activity, having moved 0.22% higher over the last 24 hours. The day range, spanning from 0.87702 to 0.88292, reinforces this consolidation. My technical analysis indicates that the 0.8829 resistance level is a significant barrier for further upward movement.
For this position trade, I am anticipating a rejection from this resistance zone. My entry strategy is to initiate a short position at 0.88091. This level positions us