The analysis focuses on the USDCHF forex pair. The analyst identifies an area of inefficiencies and an unfinished auction in the lower price range. He determines that the range of price action lies between liquidation sweeps below 0.78713 and above 0.80832. The analyst indicates the intention to short against the price point 0.80684, anticipating a move toward the 50% retracement level of the range, which is approximately 0.79871. The current price is 0.80454. The analysis indicates that the analyst did lose the 0.80684 area.