USD/CHF: Short Position Setup Amidst Sideways Consolidation

My analysis of the USD/CHF pair indicates a potential short opportunity on a position timeframe. Currently, USD/CHF is trading at 0.87814, having experienced a minor 0.02% change over the past 24 hours within a tight daily range of 0.87793 to 0.87834. The market structure, though largely sideways, presents a clear setup for a downside move should resistance hold.

Technical Structure and Entry Rationale

The structure is clear: the pair is encountering immediate resistance around 0.8783, which aligns closely with the upper bound of its current day range. My entry point for this short position is set at 0.87821. This