USDCHF: Scenarios & Key Supply/Demand Points

USDCHF is trading in a bearish trend.
the price is steadily falling within a channel.

on 4H the price is currently contracting with a descending triangle formation.
it is the classic consolidation pattern and the side of its breakout will show us the midterm direction of the pair.

in case of a bullish violation of the resistance line of the triangle,
goal for buyers will be the resistance of the above-mentioned channel.
from that point, a bearish reaction will most likely follow.

in case of a bearish violation of the support line of the triangle,
goal for sellers will be 0.903 level based on a current 4h structure low.


I am bearish biased due to a daily bearish trend,
but let's see what's gonna happen.