Looking at another mechanical short setup. This time USDCHF. Price hit supply, got some rejection. Failed to break previous high. Price ranged up in this upward channel/wedge, which seems to peak right into the supply. Therefor a break might offer a short opportunity to maybe the 0.8930 range. There is some USD data incoming in 1 hour and 15 minutes. Something to keep an eye on. This can fuel the setup or make it invalid. Another remark is that the 2 hour candle did engulf and if price reaches the bottom base of the wedge, it will be likely that the 4 hour candle also will engulf, which all together adds to the probabilities.
Order cancelled
⋅
Call didn't work out well. Happens. New week, new round.