USDCHF has just touched the top of a weekly descending forming a daily at the top.
Price is also facing a horizontal resistance (the purple ) and a slanting resistance (the dashed line). In a monthly perspective a potential is also forming with a 0.618% retracement (the purple circle).
Take a look at the below pic to see my potential entry in 4h (if price break the CTL in 4h) and also divergence.
With the weekly projection we can see that price could reach a new lower low after which it could retrace (maybe around the golden ratio as I pointed out) and finally touch the yearly ascending .
Happy trading to all!