USDCHF Daily

Textbook trend setup identified here on USDCHF as price is following a clear downtrend structure making lower lows & highs. Price broke through the key level zone looking left with a sharp lower low. Price then pulled back to create a new lower high, & retest the previous key level support as new resistance, & is forming many rejection wicks in this region along with a spinning top indecision candlestick showing signs that buyers are failing to push price back above the critical zone, & sellers may be preparing to enter again & continue the downtrend towards the higher timeframe support region below.