**🧠 USD/CHF Bearish Reversal – Channel Breakdown Imminent**
The pair has completed a clear **5-wave Elliott structure** within an ascending channel. Price failed to sustain above the upper boundary and has now broken below the lower trendline, indicating a **potential bearish reversal**.
🔍 **Key Technical Insights:**
* 🔺 **Rising Channel**: The bullish structure has been violated, confirming weakness.
* 🔄 **Wave Count**: Completed 5-wave move inside the channel suggests exhaustion of bullish momentum.
* 🔽 **Breakdown Confirmed**: Price has closed below support (\~0.8000), signaling further downside pressure.
* 🧱 **Next Target Zone**: Major demand zone at **0.7900–0.7872**, aligning with previous structure and liquidity.
📉 **Bias**: Bearish
🎯 **Short-Term Target**: 0.7900
Trade active
Trade closed: target reached
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